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Speaker 1: Welcome to How to Money. I'm Joel and I am Matt,

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Speaker 1: and today we're discussing money, your brain, and buying happiness. Joel,

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Speaker 1: what's up? What's up? Best, buddy? Hey doing man? I

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Speaker 1: wanted to mention I asked you how you're doing, but

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Speaker 1: then I just immediately moved on, you don't care about me,

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Speaker 1: how are you doing? I'm fantastic, dude. I really am

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Speaker 1: uh slight cold. I feel like I might have a

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Speaker 1: touch of the sniffles. I hope people out there don't notice.

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Speaker 1: It's too bad, but I feel excellent. Other than that, well,

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Speaker 1: you look excellent. Thank you, my friend. So um, a

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Speaker 1: couple episodes ago, I mentioned how my credit score got

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Speaker 1: dinged because I got confused when it came to paying

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Speaker 1: a payment through a credit union because they had a jankie,

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Speaker 1: almost nonfunctioning website, which we did say was one of

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Speaker 1: the biggest downfalls to doing business with the credit huge,

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Speaker 1: huge downside, so many positives. But there is the fact

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Speaker 1: that they're running on like Microsoft Doss level system. Yeah,

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Speaker 1: it really is like Geo CDs but for banking. But

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Speaker 1: you mentioned at the end of that little piece, at

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Speaker 1: the end of that segment, you kind of suggested for

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Speaker 1: me to give the credit union a call. And then

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Speaker 1: a couple of days after that, I thought, man, I

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Speaker 1: really should have given them a call. You're like, man,

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Speaker 1: that got Joel. He's right, he's so smart. Um. Oh,

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Speaker 1: I didn't because I was able to quickly after that

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Speaker 1: applied for another credit card because I like the credit

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Speaker 1: card sign up bonuses. Yet again, I talked about that

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Speaker 1: too much, and I got it, so I didn't. I

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Speaker 1: was like, who cares, right, but just the principle of it,

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Speaker 1: and I kind of wanted to see how easy it was.

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Speaker 1: And dude, it was so easy. I called up my

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Speaker 1: credit union and yeah, man, I just told him the

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Speaker 1: straight up truth. I said, hey, I got a little sloppy.

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Speaker 1: This is my first time working with you guys, and

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Speaker 1: notice I had a delinquent payment. I was talking to

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Speaker 1: the lady. She was super nice and said, all right,

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Speaker 1: right now, I'm gonna go ahead and send you a

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Speaker 1: letter and you just take a look at that. Fill

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Speaker 1: it out. And basically it was a letter for disputing

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Speaker 1: something that was incorrectly reported on your credit report. Right,

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Speaker 1: but the problem is that it was correctly reported. And

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Speaker 1: so I told her that I was just like hey,

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Speaker 1: I said, hey, nothing was done and properly or incorrectly.

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Speaker 1: I'm just looking for forgiveness, like some mercy, you know.

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Speaker 1: And she totally heard me. It was just like, you know,

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Speaker 1: let me see what I can do. She stuck me

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Speaker 1: on hold. How was the old music? Oh, I will

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Speaker 1: say it wasn't like the big bank hold music where

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Speaker 1: it's like the you know talking about it. Yes, because

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Speaker 1: they couldn't afford that jump. But somebody else got on,

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Speaker 1: like some Brian Adams rolling at the background of something

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Speaker 1: the summer. But they got somebody else on, dude, And

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Speaker 1: within five minutes they were like, yeah, we can take

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Speaker 1: care of that for you. And I was like wait seriously,

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Speaker 1: like yeah, I don't even worry about filling out the letter.

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Speaker 1: And I asked, is there some sort of confirmation number?

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Speaker 1: And they say, well, we'll go ahead and send you

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Speaker 1: an email once we can. Once we send the email

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Speaker 1: out to the three credit agencies, to the three credit

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Speaker 1: beuer knows h yeah, we'll confirm that and send that

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Speaker 1: to UV email. And then two minutes later I got

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Speaker 1: that email as well. So twenty minutes later, from start

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Speaker 1: to finish, I had that lifted off of my credit report.

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Speaker 1: How cool is that? Boom shaka laka buddy, way to go. Yeah,

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Speaker 1: so I'm doing of my best NBA j in at

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Speaker 1: first Station, and I wanted to share that because I

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Speaker 1: wanted folks to know how crazy easy it was to

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Speaker 1: just ask for forgiveness in this case, and specifically working

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Speaker 1: with the credit Union. We kind of knocked them last time.

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Speaker 1: How they just don't have a as slick of an

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Speaker 1: interface and how their controls it's just not very user friendly,

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Speaker 1: I guess, but they make up for it in real

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Speaker 1: human interaction, and because of that, I still I'm happy

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Speaker 1: with that Credit Union. Man. Yeah, that's awesome, man, I

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Speaker 1: thank you for challenging me. By the way, of course, Yeah,

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Speaker 1: I love that because I feel like most of the time,

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Speaker 1: people resign themselves to whatever it is in their life,

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Speaker 1: you know, whether it's paying too much for cable or

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Speaker 1: whether it is something happens that they forgot about, and

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Speaker 1: they're like, well, I guess that's the system, and I

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Speaker 1: gotta pay the price. And I think most of the time, right,

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Speaker 1: that is the system. But you can make a request, right,

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Speaker 1: You can make a phone call, you can ask for forgiveness,

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Speaker 1: and the same thing has happened to me before. Let's say, uh,

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Speaker 1: we paid the credit card bill like two days late.

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Speaker 1: I feel like every time that has happened, which is

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Speaker 1: super rare, like once every three or four years, that happens,

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Speaker 1: and then I call the credit card company and they

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Speaker 1: waived the late fee and they waived the interest charges.

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Speaker 1: And that's just one of those things that most people

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Speaker 1: don't think to ask. They just say, well, I guess

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Speaker 1: that's what happens. This is kind of how it is,

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Speaker 1: and to move on with life. You know, it sounded

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Speaker 1: like a couple of weeks ago, and we talked about that,

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Speaker 1: you were thinking, all right, well, I guess you know,

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Speaker 1: it's fine, it's something big of a deal. But I'm

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Speaker 1: glad you made the call because you found something out

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Speaker 1: and you found out that like you can do it.

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Speaker 1: And then most people, most of the times companies will

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Speaker 1: respond positively if you just if it was something small

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Speaker 1: and by the way, well especially with your local credit unions,

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Speaker 1: that's what I's gonna say, but especially with a local

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Speaker 1: credit union company that actually cares about you, because to

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Speaker 1: be honest, if that was well Fargo, not so much.

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Speaker 1: Another one that happened in all likelihood, So yeah, I

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Speaker 1: love that and sometimes all you gotta just ask, all right,

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Speaker 1: And Matt, I wanted to mention to you. The other day,

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Speaker 1: I was at Costco because that happens every other week

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Speaker 1: usually for me, and they got all the Christmas toys

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Speaker 1: and stuff like that out, and I noticed that they're

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Speaker 1: selling smart watches for kids, and that just seemed like

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Speaker 1: the craziest, creepiest thing to me. And I don't really

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Speaker 1: have much to say about it except for the fact

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Speaker 1: that what are we doing to our kids? How should

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Speaker 1: we be thinking about how our kids are on screens,

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Speaker 1: how they interact with the technology. I just thought that

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Speaker 1: having a smart watch something that's buzzing on a kid's arm.

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Speaker 1: And I don't know exactly what ages they're intended for specifically,

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Speaker 1: but it just seemed like to me, as you know,

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Speaker 1: two guys who we try to be conscious about how

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Speaker 1: much we use technology, and then how much our kids

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Speaker 1: do too, write like, I don't know about you, but

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Speaker 1: my kids are not allowed to use smartphones or iPads ever. Ever,

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Speaker 1: I just don't see that as good for them right

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Speaker 1: now in their developmental cycles exactly, but just to see

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Speaker 1: that it's becoming like a new thing and kids for

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Speaker 1: Christmas are going to get a smart watch and they'll

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Speaker 1: be on their technology and attached to text messaging and

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Speaker 1: Twitter and Instagram whatever even more on their wrist. I

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Speaker 1: don't know. It just seemed a little scary, right, Yeah. Well,

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Speaker 1: I was gonna ask, how did you know that they

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Speaker 1: were meant for kids? Because of all the colors, and yeah, yeah,

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Speaker 1: it's the colors. Well, it's the section they're in, so

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Speaker 1: they're not. Yeah, it's like, say, because if it was

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Speaker 1: just colorful, like I could see you wearing one of those,

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Speaker 1: and like, oh man, I love that thing. I do.

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Speaker 1: I do like colorful stuff, and so yeah, but no,

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Speaker 1: it was totally labeled as a kid's smart ride. I

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Speaker 1: didn't even I don't even remember how much it was

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Speaker 1: or I don't know how many functions they perform. I

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Speaker 1: just thought that that trend, overall trend in general, just

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Speaker 1: a little Yeah, that's so great. There was an article

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Speaker 1: recently on New York Times. Did you see that article

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Speaker 1: going around about kids and screens, like whether it be

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Speaker 1: smartphones or tablets. I thought that was super enlightening. Yeah, right,

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Speaker 1: And so they're talking about how it used to be

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Speaker 1: where one tablet per kid. It was like a huge

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Speaker 1: selling point. So parents would see that and think, oh,

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Speaker 1: this is the school system I want to be in,

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Speaker 1: or this is the class that I want my kid

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Speaker 1: and that that sort of thing. They saw it as

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Speaker 1: an advantage. But what was crazy without article is that

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Speaker 1: they're highlighting how the sort of more knowledgeable folks in

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Speaker 1: Silicon Valley specifically that had created the technology and we're

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Speaker 1: behind the programming and the ones who were in charge

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Speaker 1: of making it addicting and satisfying to be on your

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Speaker 1: phone to like hit the refresh where it's like a

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Speaker 1: slot machine. Right, they're the ones who are not allowing

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Speaker 1: their kids to be on tablets. They're the ones who

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Speaker 1: are pushing for reform within the school systems to not

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Speaker 1: have any sort of technology like that to force kids

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Speaker 1: to talk to each other. Yeah, and if they respond

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Speaker 1: to their teachers. I feel like that was a thing

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Speaker 1: too where Steve Jobs was the kind of the first

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Speaker 1: person where that kind of came up, where he was

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Speaker 1: asked about his kid playing on an iPad back in

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Speaker 1: the day and he said, what are you talking about.

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Speaker 1: I would never let my kids use one of these things.

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Speaker 1: And that's kind of the general trend in Silicon Valley

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Speaker 1: is the people that create this technology to keep us addicted,

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Speaker 1: they're not letting their own kids play on phones or like,

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Speaker 1: are you crazy, Yeah, not let their own kids play

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Speaker 1: Fortnite or download those apps because they know, you know,

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Speaker 1: what it does and it turns out how it turns

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Speaker 1: us into zombies. And so yeah, I thought that was

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Speaker 1: a really enlightening article just from the standpoint that the

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Speaker 1: people that create these technologies aren't letting their own offspring participate.

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Speaker 1: And for me, I mean, it makes me think twice

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Speaker 1: about how much I let my kids engage with those things.

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Speaker 1: I don't want them to know what an app is yet,

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Speaker 1: you know when just in kindergarten and something like. I

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Speaker 1: want them to be to be blissfully ignorant for quite

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Speaker 1: a while to come. And I thought the kids smart

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Speaker 1: watches was like this opposite point where we're slow man. Yeah,

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Speaker 1: we're technologizing our kids to death at the same time.

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Speaker 1: So interesting stuff. Yeah, and interestingly too. We're gonna we'll

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Speaker 1: kind of get towards some of that at the end

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Speaker 1: of this episode. But we talked about we're talking about

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Speaker 1: happiness to a certain extent, and that's just a distraction.

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Speaker 1: The technology, the screens, the games, the apps are like

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Speaker 1: all a lot of that are distractions. And there are

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Speaker 1: things that promise happiness, and uh yeah, by the end

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Speaker 1: of this episode, I think we will kind of get

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Speaker 1: to some of the things that actually do provide happiness

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Speaker 1: and how you can't actually buy it, but if you could,

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Speaker 1: you would buy a beer because beer makes you happy.

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Speaker 1: And let's tell everyone we're drinking right now. So our

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Speaker 1: buddy Andrew donated a beer for the show that he

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Speaker 1: brought back from Chicago. It is Mars Brewing, Mars Community Brewing.

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Speaker 1: Oh yeah, mangifera flux and this is a berlinervice with

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Speaker 1: mangoes and Brett. So we will tell you more about

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Speaker 1: this magnificent mango beer at the end of the show.

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Speaker 1: All right, man, you want to kick it off, Yeah, buddy,

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Speaker 1: So let's get into this money, your brain and buying

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Speaker 1: happiness and you kind of just alluded to it. Buying

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Speaker 1: new things makes us happy, right always? Sure for a minute,

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Speaker 1: And there's a concept that we really want to broach

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Speaker 1: today on the show, and it's called hedonic adaptation or

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Speaker 1: the hedonic treadmill. And I feel like this concept can

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Speaker 1: help us frame uh an understanding of what buying happiness

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Speaker 1: looks like. Well, it helps us understand the effects of consumption,

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Speaker 1: how we buy, and it kind of helps us come

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Speaker 1: to grips with some of the potentially un healthy cycles

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Speaker 1: that we have with spending, assuming that it will move

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Speaker 1: the needle on our path to happiness, and so I

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Speaker 1: think delving intoto an understanding of this concept will help

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Speaker 1: us do better at thinking about our spending and then

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Speaker 1: prioritizing saving for the future at the same time. So

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Speaker 1: let's go ahead and define it. Hedonic adaptation is the

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Speaker 1: tendency of humans to quickly return to a pretty stable

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Speaker 1: level of happiness despite major positive or negative events or

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Speaker 1: life changes, and also too so that that's the hedonic adaptation.

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Speaker 1: If you want to think about the hedonic treadmill as

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Speaker 1: like you're moving forward, like it seems like you're making progress,

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Speaker 1: like you're moving towards happiness, but when in fact you're stationary,

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Speaker 1: like you're not moving anywhere, Like in in relation to

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Speaker 1: the things that you're around, you're not moving anywhere. Even

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Speaker 1: though you're putting forth effort to move forward, you're just

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Speaker 1: kind of doing all that in order to just stay

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Speaker 1: in the same place, and we're gonna sort of relate

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Speaker 1: that to spending and happiness. And oftentimes that's when you

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Speaker 1: do hear about hedonic adaptation. It's specifically in regards to

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Speaker 1: how we register our own happiness and and the things

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Speaker 1: that we do to to get there. And so, for example,

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Speaker 1: if you make more money, your expectations or your desires

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Speaker 1: for things or whatever it is that you like, those

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Speaker 1: also rise. The rise in tandem with you making that

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Speaker 1: more money, and so because that you have the same

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Speaker 1: amount of happiness, right, there's no net gain, there's no

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Speaker 1: gain in happiness. You're you're sort of stuck there. And

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Speaker 1: it's also important to keep in mind too that this

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Speaker 1: is sort of a theory, right, Like, this isn't necessarily

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Speaker 1: like a law, but it's something that scientists and researchers

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Speaker 1: have seen, but you know, you can't really really prove it. Yeah,

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Speaker 1: there have been a few studies done on it that

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Speaker 1: I feel like help frame this concept for us. And

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Speaker 1: it's yeah, not certainly not like an apple falling on

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Speaker 1: your head from a tree. It's not like Newtonian in

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Speaker 1: that way. But but yeah, it's it's not it's not

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Speaker 1: biological science or anything, but there are It certainly makes sense,

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Speaker 1: I feel like from a human experience standpoint, and it

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Speaker 1: also makes sense based on some of these studies that

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Speaker 1: have been performed, and we'll get into some of those

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Speaker 1: a little bit later on too, But I don't know

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Speaker 1: about you, Matt, just literally from a human experience standpoint,

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Speaker 1: I have often found myself in the past buying something

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Speaker 1: thinking that it was going to satisfy a need, or

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Speaker 1: that it was a need, that it was a legitimate

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Speaker 1: need right then and there for me making that purchase

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Speaker 1: thinking it would move the needle, and ultimately I forget

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Speaker 1: that I even ordered it, and then it shows up

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Speaker 1: on my doorstep and I'm like, oh, yeah, it's the

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Speaker 1: thing I ordered. And then I try that item of

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Speaker 1: clothing on or I used that item whatever it was,

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Speaker 1: or I eat that piece of food whatever it was

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Speaker 1: shipped to my door, and also I completely forget about

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Speaker 1: it pretty soon after the fact. So so in the end,

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Speaker 1: it didn't really move the needle on my happiness level

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Speaker 1: to any meaningful degree, although there were little bursts right

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Speaker 1: where I thought it would sort of like a sugar rush, right, yeah, exactly, Yeah, Yeah,

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Speaker 1: I mean I specifically remember that more poignantly as a

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Speaker 1: like a kid. I can't remember if I was saving

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Speaker 1: up my own money or if I had convinced my

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Speaker 1: parents to buy me this slingshot, like a serious slingshot,

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Speaker 1: Like it had an extra bar that one of your

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Speaker 1: four arms to kind of like stabilize it, and it

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Speaker 1: had like a site on it. It was like part crossbow,

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Speaker 1: part sling shot. Was this your red rider? We begun?

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Speaker 1: Is that what? That was? Sort of sort of like

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Speaker 1: that moment. But I was so stoked about that thing

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Speaker 1: and how I was just gonna be able to like

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Speaker 1: walk through the woods and start shooting squirrels stuff exactly.

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Speaker 1: And the freaking band on the thing broke man And

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Speaker 1: maybe we should have taken it back, But I think

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Speaker 1: maybe I was too embarrassed to like tell my parents

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Speaker 1: because I had so much of my hope and like

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Speaker 1: my ambitions of my happiness set on this object. And

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Speaker 1: I quickly, you know, sort of found out that this

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Speaker 1: wasn't at all something that was satisfying, and I didn't

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Speaker 1: want to make the trip back to the p X

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Speaker 1: to return that thing. You know what a p X is? Nope,

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Speaker 1: you ever heard of that term. It's like on a

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Speaker 1: military basis. It's like, you know, I grew up my

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Speaker 1: dad was in the Army when I was growing up,

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Speaker 1: and so we would go on post to the p X.

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Speaker 1: There's I don't I don't think there's any sales tax.

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Speaker 1: That's why I was always cheaper. It's sort of like

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Speaker 1: the Walmart. I guess for the army base that they

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Speaker 1: had everything there. You could go there and yeah, yeah,

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Speaker 1: especially sling shots and like pop at n eyes. Man. So, Matt,

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Speaker 1: let's talk about that study that we referred to about

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Speaker 1: relative happiness, and it showed that lottery winners were no

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Speaker 1: happier eighteen months later than their counterparts than people that

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Speaker 1: didn't win the lottery, And so that it's super interesting

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Speaker 1: study that followed these lottery winners that a control group,

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Speaker 1: and then they had this group of people that won

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Speaker 1: the lottery and they kind of tracked their happiness levels

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Speaker 1: over a year and a half and it turns out

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Speaker 1: that the people that won the lottery, there happiness certainly

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Speaker 1: peaked like the sugar rush that you mentioned, immediately after winning,

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Speaker 1: but the levels of happiness soon thereafter kind of reverted

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Speaker 1: back to a normal state, and people that didn't win

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Speaker 1: the lottery right, they didn't have that sugar rush bike,

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Speaker 1: but their levels of happiness remained relatively constant as well.

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Speaker 1: They're at the exact same place eighteen months later, which

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Speaker 1: is insane to think that, right, right, right, right, it's

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Speaker 1: and and actually the thing is, I've thought about this

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Speaker 1: a lot, just especially with recently we had some really

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Speaker 1: high lottery. That's right, a couple of folks won it, right, Everyone,

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Speaker 1: like the office is talking about do you play the lottery?

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Speaker 1: Are you buying tickets? You know, there's a lot of

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Speaker 1: like water cooler chatter about it. And honestly, I would

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Speaker 1: never play the lottery. And it's not because I'm too

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Speaker 1: cheap to buy a ticket. It's because I think winning

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Speaker 1: the lottery is actually worse for you in so many

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Speaker 1: ways than than it's better. Yeah, I think if you

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Speaker 1: won the lottery and everyone found out about it, everyone

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Speaker 1: would treat you differently. There's so many negative side effects

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Speaker 1: of having crap tons of money that people come out

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Speaker 1: of the woodwork and they want to you'd probably be

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Speaker 1: asking for a loan right now, and like, man, I

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Speaker 1: don't want to talk about Joe. You're gonna cover beers again,

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Speaker 1: right Exactly? What if you could win the lottery, like

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Speaker 1: nothing insane, but let's just say a million, right, But

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Speaker 1: if you could win the million dollar jackpot and it

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Speaker 1: was secret so no one knew, what would you do? Like,

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Speaker 1: was there like one thing that you would change in

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Speaker 1: your life or would you switch it up completely? No?

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Speaker 1: So I think too, I've thought about that. I think

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Speaker 1: if I won the lottery, the amount of things that

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Speaker 1: would change in my life would be relatively small. Yeah,

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Speaker 1: I think you and i've talked about this before. Actually,

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Speaker 1: this kind of sty if we won the lottery. I

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Speaker 1: don't think we've talked about on the show before though,

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Speaker 1: but if we want the if I won the lottery,

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Speaker 1: my life would be incrementally better in the points that

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Speaker 1: I care about. So, for instance, we've talked about the

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Speaker 1: why of money in that episode. I mentioned a few

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Speaker 1: things that I prioritize, so I would probably prioritize those

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Speaker 1: things just a little bit more. You get two pieces

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Speaker 1: of folk art every year instead of one, exactly, and

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Speaker 1: I would take two awesome international trips every year as

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Speaker 1: opposed to one, And so that it would be that

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Speaker 1: sort of incremental change. Because there's not really much in

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Speaker 1: my life that I want to change that you're doing

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Speaker 1: now that isn't already making you happy, right, Yeah, yeah,

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Speaker 1: so that's yeah, that's kind of my thought process behind it.

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Speaker 1: I think that's a really good place to be too,

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Speaker 1: because I know that there are a lot of people

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Speaker 1: that are you know, have hard financial situations where that

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Speaker 1: would make just an amazingly big difference in the way

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Speaker 1: that they can live. But then again, for those people oftentimes,

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Speaker 1: as as you see reported out, who start off with

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Speaker 1: very little money when the lottery have all that money

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Speaker 1: and wreck their lives basically and they completely wrecked their lives.

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Speaker 1: They throw it all away, they spend it quickly, uh,

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Speaker 1: they buy things that then they can't afford the recurring

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Speaker 1: costs on and it damages their lives irreparably in the

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Speaker 1: end too. So well, I probably would buy a Tesla,

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Speaker 1: I'll say that. So, oh that's a good call, all right,

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Speaker 1: You probably want to get Tesla too, right when I

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Speaker 1: might have to do that. Yeah. Actually, Emily and I

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Speaker 1: were driving the other day and I saw one on

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Speaker 1: the road and I said, you know, in about ten years,

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Speaker 1: we're gonna have one of those, because in ten years

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Speaker 1: that model, everybody's gonna have one of those. In ten years. Basically, well,

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Speaker 1: they will just be have become so much cheaper. It'll

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Speaker 1: be like a four year old hand a chord. It's

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Speaker 1: like you see him everywhere, and the technology is gonna

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Speaker 1: improve so much their ten year old tesla, and nobody's

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Speaker 1: gonna want it at that point in time. So it's

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Speaker 1: probably true, man, kind of like nobody wants my six

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Speaker 1: year old niece on leave right now to slap a

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Speaker 1: new battery in that tesla. Get to go. That's what

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Speaker 1: I'm talking about, man, I can't wait. So back to

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Speaker 1: that study. It was in nineteen seventy study about lottery winners.

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Speaker 1: It turns out they were no happier eighteen months later

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Speaker 1: than they were when they had actually won the lottery. Right,

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Speaker 1: So just realize and keep in mind that those things

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Speaker 1: won't give you that ultimate happiness, and keep in mind

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Speaker 1: that needless consumption just won't make you happy. So here's

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Speaker 1: what we're not saying. We're not saying that you shouldn't

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Speaker 1: reach for a better job, or that you shouldn't attempt

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Speaker 1: to try to make more money. No way, those are

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Speaker 1: worthwhile goals. We're just saying that they're not going to

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Speaker 1: move the ultimate happiness needle. And that also applies to

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Speaker 1: the little things as well. If you're used to keeping

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Speaker 1: your house cleaning like in house and doing it yourself

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Speaker 1: as a family, well, once you step up to hiring

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Speaker 1: a professional cleaner every month, you add in that cost

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Speaker 1: and that convenience, well it's really hard to go back.

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Speaker 1: But after a while, it just becomes routine. You get

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Speaker 1: used to having someone else clean your house. And that's

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Speaker 1: another example of hedonic adaptation that adds a cost into

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Speaker 1: your life brings you a nice little birth of happiness,

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Speaker 1: but it doesn't really have that same effect month after

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Speaker 1: month as it did initially when you first made that change. Yeah,

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Speaker 1: that's that can also be called lifestyle creep. Right, we've

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Speaker 1: talked about this before, um, and so these are ways

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Speaker 1: that hedonic adaptation can be a negative thing when it

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Speaker 1: comes to spending in your lifestyle. After the breakthough, we're

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Speaker 1: gonna talk about how hedonic adaptation can be a good

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Speaker 1: thing or a necessary thing. Tell me more, Matt, I

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Speaker 1: will after the break, I guess I'll wait. Then, are

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Speaker 1: back in the break And just a second ago, we

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Speaker 1: talked about hedonic adaptation. We brought up this big concept.

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Speaker 1: We talked about how it is similar to this treadmill, right,

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Speaker 1: that we make an incremental change in our lives and

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Speaker 1: we feel like we're happier and then boom, it dies

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Speaker 1: off pretty quickly and we ultimately haven't gotten anywhere in

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Speaker 1: the process. So let's talk about how hedonic adaptation can

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Speaker 1: actually be a good and necessary thing too. That study

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Speaker 1: that you mentioned earlier about the Lorry winners, so in

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Speaker 1: that very same study, they also focused on severe accident victims,

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Speaker 1: uh so like paraplegics, and they found out that they

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Speaker 1: were no less happy eighteen months later than the control group,

427
00:19:51,640 --> 00:19:54,000
Speaker 1: like the folks that were not involved in an accident. Yeah,

428
00:19:54,040 --> 00:19:56,520
Speaker 1: that's crazy that that's crazy to think that someone that

429
00:19:56,600 --> 00:19:59,960
Speaker 1: went through such a traumatic experience that you know, lost limb,

430
00:20:00,119 --> 00:20:03,840
Speaker 1: this was no less happy eighteen months later. That you

431
00:20:03,840 --> 00:20:06,840
Speaker 1: would think to something like that that's completely life changing

432
00:20:07,200 --> 00:20:11,280
Speaker 1: in the negative, would result in a loss of happiness

433
00:20:11,320 --> 00:20:13,520
Speaker 1: over time, right, But to think that it has that

434
00:20:13,640 --> 00:20:16,880
Speaker 1: even flip side coin effect, it all just balances out,

435
00:20:17,280 --> 00:20:20,840
Speaker 1: it bounces out. Yeah, it's so obviously I'm not recommending.

436
00:20:20,840 --> 00:20:22,280
Speaker 1: I don't think even that of us would say like

437
00:20:22,280 --> 00:20:24,280
Speaker 1: this is a good thing, right to to lose a

438
00:20:24,320 --> 00:20:27,200
Speaker 1: limb or anything like that. But it is a fascinating

439
00:20:27,240 --> 00:20:29,080
Speaker 1: concept and it was there the study was done back

440
00:20:29,119 --> 00:20:32,159
Speaker 1: in the nineteen seventies, and so just just to think

441
00:20:32,600 --> 00:20:37,959
Speaker 1: that interviewing these paraplegics over time that their happiness was

442
00:20:38,240 --> 00:20:42,919
Speaker 1: obviously after the event was precipitously down, but over time

443
00:20:43,320 --> 00:20:47,040
Speaker 1: it didn't suffer and their happiness rose back to kind

444
00:20:47,040 --> 00:20:50,000
Speaker 1: of normal levels. And that's just a fascinating thing about

445
00:20:50,280 --> 00:20:52,840
Speaker 1: the human mind. The human brain and the way it's

446
00:20:52,920 --> 00:20:55,080
Speaker 1: wired and what it is wired to do is to

447
00:20:55,320 --> 00:20:59,000
Speaker 1: withstand trauma. That is the good part of predonic application,

448
00:20:59,200 --> 00:21:02,280
Speaker 1: right that we and withstand trauma and kind of result

449
00:21:02,280 --> 00:21:05,240
Speaker 1: back to a baseline sense of happiness. We can see

450
00:21:05,280 --> 00:21:08,640
Speaker 1: something crazy and utterly horrific and kind of go back

451
00:21:08,680 --> 00:21:11,680
Speaker 1: to living life right in a normal way. And and

452
00:21:11,720 --> 00:21:13,399
Speaker 1: to me that that that just kind of blows my

453
00:21:13,440 --> 00:21:16,480
Speaker 1: mind that we're wired in that way. But just knowing that, right,

454
00:21:16,680 --> 00:21:19,080
Speaker 1: just knowing that knowledge is power in that way to

455
00:21:19,160 --> 00:21:21,359
Speaker 1: kind of see that this is how my brain is wired,

456
00:21:21,560 --> 00:21:23,600
Speaker 1: and we can see the positives and then we can

457
00:21:23,600 --> 00:21:26,920
Speaker 1: also see the negatives and we can adapt accordingly with

458
00:21:26,960 --> 00:21:29,480
Speaker 1: that knowledge. Yeah, most of all, it just shows like

459
00:21:29,520 --> 00:21:32,320
Speaker 1: the resiliency of like the brain, because it's the brain

460
00:21:32,359 --> 00:21:35,320
Speaker 1: that's making these decisions, right, maybe not actively, but it's

461
00:21:35,359 --> 00:21:37,560
Speaker 1: the brain that's saying, Okay, we're gonna kind of keep

462
00:21:37,560 --> 00:21:40,240
Speaker 1: an even keel here. Another term used to sort of

463
00:21:40,280 --> 00:21:43,440
Speaker 1: describe hedonic adaptation was sort of like this emotional thermostat,

464
00:21:43,800 --> 00:21:46,560
Speaker 1: so that anytime there's like an extreme or not even extreme,

465
00:21:46,600 --> 00:21:48,159
Speaker 1: but like one way or the other from where you

466
00:21:48,200 --> 00:21:50,480
Speaker 1: wanted it, that it would adjust and just kind of

467
00:21:50,520 --> 00:21:52,879
Speaker 1: bring it back to the sort of this baseline. And

468
00:21:52,920 --> 00:21:55,119
Speaker 1: so after enough time, like you said, man, like you

469
00:21:55,160 --> 00:21:58,359
Speaker 1: adjust to the things that you do just regularly or

470
00:21:58,359 --> 00:21:59,840
Speaker 1: the things that just happened to you, and so it

471
00:22:00,280 --> 00:22:03,879
Speaker 1: essentially just becomes the new normal. And so in terms

472
00:22:03,880 --> 00:22:06,879
Speaker 1: of money and spending, like like we're talking about, if

473
00:22:06,880 --> 00:22:10,120
Speaker 1: you're consistently being frugal, instead of it feeling like you're

474
00:22:10,160 --> 00:22:14,200
Speaker 1: depriving yourself and doing something that's painful, you eventually view

475
00:22:14,400 --> 00:22:17,840
Speaker 1: those frugal choices as normal, and then the more expensive

476
00:22:17,960 --> 00:22:21,280
Speaker 1: and lavish choices that you used to make those then

477
00:22:21,320 --> 00:22:23,439
Speaker 1: become the sort of abnormal way of doing things, the

478
00:22:23,480 --> 00:22:25,760
Speaker 1: things that just seem foreign to you. Yeah, and so

479
00:22:25,880 --> 00:22:28,600
Speaker 1: we recently had the episode Are You Frugal or Are

480
00:22:28,600 --> 00:22:32,720
Speaker 1: You Cheap? And we talked about that concept and we essentially, Matt,

481
00:22:32,760 --> 00:22:35,240
Speaker 1: you and I we held up the value of frugality

482
00:22:35,320 --> 00:22:37,520
Speaker 1: and we said that's a really important thing to adopt,

483
00:22:37,840 --> 00:22:39,520
Speaker 1: and being cheap is not a good thing, but being

484
00:22:39,520 --> 00:22:43,080
Speaker 1: frugal is. And I think one thing though, when people

485
00:22:43,080 --> 00:22:45,560
Speaker 1: hear the word frugal, they they ultimately one of the

486
00:22:45,560 --> 00:22:47,919
Speaker 1: first words that comes to mind is the word deprivation,

487
00:22:48,320 --> 00:22:51,320
Speaker 1: and they think, if I'm frugal, I'm depriving myself of

488
00:22:51,359 --> 00:22:53,560
Speaker 1: the things that are actually gonna bring me happiness. And

489
00:22:53,600 --> 00:22:56,919
Speaker 1: I think what this concept of hedonic adaptation brings to

490
00:22:56,960 --> 00:23:00,760
Speaker 1: the surface is that you're not foregoing happiness by being frugal.

491
00:23:00,800 --> 00:23:03,800
Speaker 1: What you're doing is you're adapting to this way of normal,

492
00:23:04,280 --> 00:23:07,200
Speaker 1: and you're realizing kind of what's true about yourself that

493
00:23:07,240 --> 00:23:09,480
Speaker 1: those other things that you're pursuing that you think will

494
00:23:09,480 --> 00:23:12,800
Speaker 1: provide you happiness aren't going to and so you're foregoing them.

495
00:23:13,080 --> 00:23:16,639
Speaker 1: You're choosing instead something that is simpler and something that

496
00:23:16,680 --> 00:23:19,560
Speaker 1: allows you to save more and find more financial freedom

497
00:23:19,560 --> 00:23:21,920
Speaker 1: in your life. And I'll have to say that initially

498
00:23:21,920 --> 00:23:24,320
Speaker 1: there might be some pain still, right, like that initial

499
00:23:24,480 --> 00:23:26,440
Speaker 1: like after you say that, like, no, I'm no longer

500
00:23:26,440 --> 00:23:28,800
Speaker 1: going to purchase this, Like they're sort of like with

501
00:23:28,840 --> 00:23:31,520
Speaker 1: the accident victims, maybe like there might be an immediate

502
00:23:31,560 --> 00:23:34,120
Speaker 1: decrease in what they would consider happiness, but then after

503
00:23:34,160 --> 00:23:36,440
Speaker 1: that it levels out, right, Like you know, we still

504
00:23:36,520 --> 00:23:39,680
Speaker 1: have emotions and there's still sort of pulls and draws

505
00:23:39,720 --> 00:23:41,520
Speaker 1: to like I want to go by that tesla or

506
00:23:41,640 --> 00:23:44,720
Speaker 1: or whatever it is. But what's amazing, and this is

507
00:23:44,760 --> 00:23:46,560
Speaker 1: what we're talking about, is that the mind is able

508
00:23:46,600 --> 00:23:50,119
Speaker 1: to sort of reconfigure and adjust to that new point,

509
00:23:50,440 --> 00:23:53,119
Speaker 1: and like you said, it doesn't become deprivation anymore because

510
00:23:53,160 --> 00:23:55,080
Speaker 1: you have told yourself, no, this is how I'm going

511
00:23:55,119 --> 00:23:57,040
Speaker 1: to live my life. Now, I am in charge of

512
00:23:57,080 --> 00:23:59,680
Speaker 1: my own spending, and frugal becomes a new rallying cry.

513
00:23:59,800 --> 00:24:02,119
Speaker 1: It's it's just it's sort of the new motto that

514
00:24:02,160 --> 00:24:04,239
Speaker 1: you follow. And that's what you're all about. All right.

515
00:24:04,280 --> 00:24:06,480
Speaker 1: Since we're already like talking about science, right like in

516
00:24:06,720 --> 00:24:10,320
Speaker 1: hedonic adaptation, we're talking big words. Well, let's talk about

517
00:24:10,400 --> 00:24:13,160
Speaker 1: Maslow's hierarchy of needs. Because there is a basic level,

518
00:24:13,240 --> 00:24:15,639
Speaker 1: right that you can't make cuts to that, and you

519
00:24:15,640 --> 00:24:18,399
Speaker 1: can't adapt. There are these basic needs that you have

520
00:24:18,480 --> 00:24:20,520
Speaker 1: to meet, and you can't say, well, you know what,

521
00:24:20,560 --> 00:24:23,919
Speaker 1: I'm gonna starve myself for weeks on end and assume

522
00:24:24,000 --> 00:24:26,840
Speaker 1: that my happiness level will just revert to that basic

523
00:24:26,920 --> 00:24:29,000
Speaker 1: mean And that's that's just not the case, right. There

524
00:24:29,000 --> 00:24:31,119
Speaker 1: are these basic needs that you need to have met,

525
00:24:31,240 --> 00:24:33,560
Speaker 1: and if you don't have those things, there's just no

526
00:24:33,680 --> 00:24:37,120
Speaker 1: amount of adapting that can make your brain be able

527
00:24:37,160 --> 00:24:43,320
Speaker 1: to understand having a lack of things like food, shelter, clothing, safety,

528
00:24:43,560 --> 00:24:45,760
Speaker 1: and love. Right, and even like there's more sort of

529
00:24:45,760 --> 00:24:49,600
Speaker 1: intangible emotional thing. Yeah, you can't deny yourself those things

530
00:24:49,640 --> 00:24:51,960
Speaker 1: and then think you're gonna adapt. Yeah, So ultimately we're

531
00:24:52,000 --> 00:24:54,960
Speaker 1: not talking about, right, those baseline needs that are innate

532
00:24:55,000 --> 00:24:58,240
Speaker 1: to every human being. The concept of hedonic adaptation in

533
00:24:58,280 --> 00:25:02,000
Speaker 1: the hedonic treadmill doesn't apply there. What it does apply

534
00:25:02,080 --> 00:25:05,440
Speaker 1: to what we're talking about in reality is how we consume,

535
00:25:05,760 --> 00:25:09,280
Speaker 1: how we spend, and how we think about upgrading our lives. Right,

536
00:25:09,320 --> 00:25:12,000
Speaker 1: there's kind of a sentiment out there in popular culture.

537
00:25:12,040 --> 00:25:14,320
Speaker 1: I think that and when we get a little extra cash,

538
00:25:14,600 --> 00:25:17,000
Speaker 1: or even if we don't have the cash, we need

539
00:25:17,040 --> 00:25:19,840
Speaker 1: to upgrade ourselves, upgrade our lives. And if we upgrade

540
00:25:19,840 --> 00:25:21,960
Speaker 1: it in this way or that way and make our

541
00:25:22,000 --> 00:25:24,280
Speaker 1: lives just a little bit better here or there, even

542
00:25:24,320 --> 00:25:26,320
Speaker 1: if we don't have the money, there's a sentiment that

543
00:25:26,320 --> 00:25:29,159
Speaker 1: that's okay. And what we're trying to push back against

544
00:25:29,200 --> 00:25:31,320
Speaker 1: that and we're saying, no, no no, no, think about this

545
00:25:31,400 --> 00:25:34,320
Speaker 1: concept of hedonic adaptation anytime you're thinking about, you know,

546
00:25:34,359 --> 00:25:37,280
Speaker 1: increasing your lifestyle in a meaningful way, buying a new

547
00:25:37,320 --> 00:25:40,080
Speaker 1: car or you know, getting a bigger house, or just

548
00:25:40,119 --> 00:25:43,080
Speaker 1: those little purchases that you make on Amazon that you

549
00:25:43,080 --> 00:25:45,320
Speaker 1: think are going to gratify you and ultimately you forget

550
00:25:45,359 --> 00:25:47,000
Speaker 1: the ordered it and it shows up on your doorstep

551
00:25:47,040 --> 00:25:48,880
Speaker 1: and you're like, oh, yeah, I guess I did order

552
00:25:48,960 --> 00:25:51,000
Speaker 1: that thing. That is what we're talking about. Those are

553
00:25:51,000 --> 00:25:53,480
Speaker 1: the ways that you can kind of use this concept

554
00:25:53,480 --> 00:25:57,040
Speaker 1: of hedonic adaptation to your benefit. That's exactly right, and

555
00:25:57,080 --> 00:25:59,520
Speaker 1: that's what we're talking about. So like hedonic adaptation we

556
00:25:59,680 --> 00:26:01,879
Speaker 1: like early or we're talking about how it's negative because

557
00:26:01,920 --> 00:26:04,760
Speaker 1: you get used to things just from a consumption standpoint,

558
00:26:05,040 --> 00:26:07,560
Speaker 1: and now we're talking about hedonic adaptation being a good

559
00:26:07,600 --> 00:26:09,560
Speaker 1: thing because you can use it to you know, to

560
00:26:09,600 --> 00:26:13,320
Speaker 1: your own advantage, specifically trying spending less and then just

561
00:26:13,480 --> 00:26:15,399
Speaker 1: notice that you'll get used to it. Plus you'll be

562
00:26:15,480 --> 00:26:18,040
Speaker 1: more happy by saving more of your income. Because of that,

563
00:26:18,080 --> 00:26:21,000
Speaker 1: you're going to be more prepared for financial disasters, and

564
00:26:21,080 --> 00:26:23,400
Speaker 1: so because of that, you'll have less stress. And then

565
00:26:23,440 --> 00:26:26,240
Speaker 1: in the end as well, you'll be working towards financial independence.

566
00:26:26,280 --> 00:26:28,320
Speaker 1: And that's the end goal of trying to be smart

567
00:26:28,359 --> 00:26:30,640
Speaker 1: and wise with your money and you're spending uh. Yeah.

568
00:26:30,640 --> 00:26:34,480
Speaker 1: Another thing practically to consider is to delay your purchases.

569
00:26:34,800 --> 00:26:37,840
Speaker 1: I think it's really smart for us to take something

570
00:26:37,880 --> 00:26:40,359
Speaker 1: like a two week gap between the I need it

571
00:26:40,359 --> 00:26:43,720
Speaker 1: phase and then clicking the purchase button online or or

572
00:26:43,840 --> 00:26:45,600
Speaker 1: going to a store to buy what you think you need.

573
00:26:45,880 --> 00:26:47,920
Speaker 1: That's a good rule of thumb. So yeah, think about

574
00:26:47,960 --> 00:26:50,840
Speaker 1: instituting that sort of gap in between something that you

575
00:26:50,880 --> 00:26:53,080
Speaker 1: say that you want and the time that you actually

576
00:26:53,160 --> 00:26:55,520
Speaker 1: make the purchase. That can prevent you for buying something

577
00:26:55,560 --> 00:26:59,160
Speaker 1: that is impulse and that leads to that sugar rush

578
00:26:59,200 --> 00:27:02,600
Speaker 1: of happiness but ultimately doesn't move the needle practically in

579
00:27:02,640 --> 00:27:04,560
Speaker 1: your life. Plus, you don't want to have just food

580
00:27:04,600 --> 00:27:06,159
Speaker 1: showing up on your doorstuff like it does at your

581
00:27:06,160 --> 00:27:09,120
Speaker 1: house dog. I know it's weird right. And another thing too, Matt,

582
00:27:09,240 --> 00:27:12,080
Speaker 1: A lot of people I think it's become so easy

583
00:27:12,160 --> 00:27:14,879
Speaker 1: for us to buy things today, just one click to

584
00:27:14,880 --> 00:27:18,640
Speaker 1: purchase on something like Amazon. So maybe ending your Prime membership,

585
00:27:18,680 --> 00:27:20,639
Speaker 1: even though you like it and you feel like it

586
00:27:20,680 --> 00:27:23,359
Speaker 1: does serve you well in some ways, maybe that's actually

587
00:27:23,400 --> 00:27:25,359
Speaker 1: the smart move for you because it would prevent you

588
00:27:25,440 --> 00:27:28,920
Speaker 1: from these sort of behaviors that you think or maybe

589
00:27:28,960 --> 00:27:31,119
Speaker 1: making you happy. But when you actually take stock, you

590
00:27:31,119 --> 00:27:33,040
Speaker 1: take a step back and you think about it, they're

591
00:27:33,040 --> 00:27:35,880
Speaker 1: not making you happy. So maybe actually kind of giving

592
00:27:35,920 --> 00:27:39,560
Speaker 1: a buffer for yourself by not having Amazon Prime, maybe

593
00:27:39,640 --> 00:27:41,080
Speaker 1: that could actually help you out in the long run.

594
00:27:41,600 --> 00:27:44,439
Speaker 1: Worth noting that happiness levels in the US are not

595
00:27:44,600 --> 00:27:48,800
Speaker 1: increasing despite big increases you know, in wealth, living standards, technology,

596
00:27:48,960 --> 00:27:51,520
Speaker 1: just all the stuff that we have. That's what that means, though,

597
00:27:51,640 --> 00:27:55,600
Speaker 1: is that our stuff and our circumstances have little impact

598
00:27:55,800 --> 00:27:58,919
Speaker 1: on our happiness. There's studies that show that we control

599
00:27:59,080 --> 00:28:02,119
Speaker 1: roughly forty percent of our own happiness, which is huge.

600
00:28:02,240 --> 00:28:06,160
Speaker 1: Man is our set point and so typically that means

601
00:28:06,160 --> 00:28:08,320
Speaker 1: it's just determined by our genetics. It's just kind of

602
00:28:08,320 --> 00:28:10,919
Speaker 1: built into who we are. And then the remaining ten

603
00:28:11,000 --> 00:28:14,560
Speaker 1: percent is what's controlled by circumstances. So those are the

604
00:28:14,640 --> 00:28:17,760
Speaker 1: things that are a little more outside of our control.

605
00:28:18,080 --> 00:28:20,880
Speaker 1: But yeah, that's just amazing that we still have control

606
00:28:21,240 --> 00:28:24,760
Speaker 1: over almost half of our own happiness. Alright, Matt, after

607
00:28:24,760 --> 00:28:27,920
Speaker 1: the break, let's get into those specific things that will

608
00:28:28,040 --> 00:28:31,280
Speaker 1: increase our happiness and they'll also help put our finances

609
00:28:31,280 --> 00:28:42,360
Speaker 1: in better order to Alright, man, like you mentioned, let's

610
00:28:42,360 --> 00:28:44,880
Speaker 1: go ahead and talk about those specific things to increase

611
00:28:44,920 --> 00:28:48,120
Speaker 1: your happiness. And these are things again that don't involve

612
00:28:48,360 --> 00:28:51,240
Speaker 1: that mindless spending and consumption. The first thing I wanted

613
00:28:51,240 --> 00:28:55,800
Speaker 1: to mention was appreciation for what we already have. Dude.

614
00:28:55,800 --> 00:28:57,800
Speaker 1: What I love about this is that this is almost

615
00:28:57,840 --> 00:29:01,719
Speaker 1: the exact opposite of hedonic adaptation. This is focusing on

616
00:29:01,760 --> 00:29:04,840
Speaker 1: something rather than taking it for granted and just letting

617
00:29:04,840 --> 00:29:06,960
Speaker 1: it fade into the background. Yeah. That's what I mean

618
00:29:06,960 --> 00:29:09,000
Speaker 1: by that, though, is to savor the things we own

619
00:29:09,040 --> 00:29:11,400
Speaker 1: and like, savor seems like a weird word to say,

620
00:29:11,440 --> 00:29:14,000
Speaker 1: but experiences that we get to take part in in

621
00:29:14,000 --> 00:29:16,960
Speaker 1: our relationships. These are things that you want to not

622
00:29:17,080 --> 00:29:19,320
Speaker 1: just take for granted and just assume that they're always

623
00:29:19,320 --> 00:29:21,800
Speaker 1: going to be there, but just really focus on and

624
00:29:21,840 --> 00:29:24,400
Speaker 1: really enjoy. You want to hang on to the happiness

625
00:29:24,480 --> 00:29:27,440
Speaker 1: that you already have right there, right there with you, dude.

626
00:29:27,440 --> 00:29:29,800
Speaker 1: And specifically, like, do you read about the Stoics or

627
00:29:29,800 --> 00:29:33,280
Speaker 1: anything like that, like that branch of philosophy And I

628
00:29:33,320 --> 00:29:36,400
Speaker 1: don't know, I don't know much about it the Greeks. Yeah, no,

629
00:29:36,480 --> 00:29:38,880
Speaker 1: I mean I know a little, but definitely don't don't

630
00:29:38,920 --> 00:29:40,959
Speaker 1: delve into it too hard. Yeah, I haven't either. But

631
00:29:41,000 --> 00:29:44,560
Speaker 1: what I've specifically learned is really helpful for me is

632
00:29:44,600 --> 00:29:46,880
Speaker 1: to do this thing that Stoics focus on, which is

633
00:29:46,920 --> 00:29:49,720
Speaker 1: called negative visualization, and it is a way for them

634
00:29:49,720 --> 00:29:52,760
Speaker 1: to practice appreciation and to focus on something that they

635
00:29:52,800 --> 00:29:54,800
Speaker 1: have that they feel like they're taking for granted. And

636
00:29:54,840 --> 00:29:57,600
Speaker 1: you do that by imagining that you don't have that thing,

637
00:29:57,720 --> 00:30:00,560
Speaker 1: or that like something really terrible happens to that thing, right,

638
00:30:00,600 --> 00:30:02,920
Speaker 1: So whether that be like a relationship, right, like imagine

639
00:30:03,000 --> 00:30:05,680
Speaker 1: something terrible happens to your wife or just you know,

640
00:30:05,680 --> 00:30:07,040
Speaker 1: I just imagine you don't have a wife and what

641
00:30:07,080 --> 00:30:10,000
Speaker 1: your life would be like, or say you're kind of

642
00:30:10,000 --> 00:30:11,600
Speaker 1: getting fed up with your job and you're kind of

643
00:30:11,600 --> 00:30:13,560
Speaker 1: complaining about it, but or imagine I started in a

644
00:30:13,600 --> 00:30:17,840
Speaker 1: new podcast with Dave Ramsey and left you behind exactly.

645
00:30:17,920 --> 00:30:19,920
Speaker 1: I think about how terrible you would feel if if

646
00:30:19,960 --> 00:30:22,320
Speaker 1: you actually did that. But no, it's it's sort of

647
00:30:22,360 --> 00:30:25,560
Speaker 1: removing from your mind, uh, the experiences that you have

648
00:30:25,640 --> 00:30:29,320
Speaker 1: of something that you already have, and imagining how terrible

649
00:30:29,360 --> 00:30:31,040
Speaker 1: it would be if that thing wasn't there in your life.

650
00:30:31,240 --> 00:30:33,520
Speaker 1: It's just a way to focus on the things that

651
00:30:33,560 --> 00:30:35,479
Speaker 1: you do have. And for me, man, it makes it

652
00:30:35,520 --> 00:30:37,360
Speaker 1: really tangible and it brings to light the things that

653
00:30:37,440 --> 00:30:40,080
Speaker 1: I do have, like the you know, amazing blessings I have,

654
00:30:40,160 --> 00:30:43,440
Speaker 1: and you know, the amazing family, just everything, like right,

655
00:30:43,880 --> 00:30:45,760
Speaker 1: pretty much everything that that I have. If if you

656
00:30:45,840 --> 00:30:47,560
Speaker 1: think about it long enough, you're like, man, this is

657
00:30:47,600 --> 00:30:50,040
Speaker 1: actually a fantastic thing. And it can be something that

658
00:30:50,080 --> 00:30:52,680
Speaker 1: I've been complaining about or something that I'm fed up with,

659
00:30:52,960 --> 00:30:55,080
Speaker 1: and if I WoT my head around it properly, you

660
00:30:55,160 --> 00:30:57,680
Speaker 1: really start to appreciate what it is that you have. Yeah,

661
00:30:57,760 --> 00:31:00,440
Speaker 1: that's a really good point, actually, And that's not something

662
00:31:00,480 --> 00:31:02,640
Speaker 1: that I feel like that I have never really thought

663
00:31:02,680 --> 00:31:06,400
Speaker 1: about it like that, the negative visualization aspect. But two

664
00:31:06,480 --> 00:31:08,200
Speaker 1: things I feel like my wife, and I do try

665
00:31:08,240 --> 00:31:11,200
Speaker 1: every night with our girls to ask them and get

666
00:31:11,240 --> 00:31:13,479
Speaker 1: them to to talk about one thing that they're thankful

667
00:31:13,480 --> 00:31:15,360
Speaker 1: for based on that day. And I think it's a

668
00:31:15,360 --> 00:31:17,520
Speaker 1: really good practice for all of us because then I

669
00:31:17,560 --> 00:31:19,800
Speaker 1: have to think of one too, And some days I'm

670
00:31:19,840 --> 00:31:21,960
Speaker 1: like in a really bad mood and I don't want to,

671
00:31:22,040 --> 00:31:25,040
Speaker 1: but Daddy doesn't want to think tonight Daddy's not happy.

672
00:31:25,520 --> 00:31:27,640
Speaker 1: It's really good for me every day to have to

673
00:31:27,640 --> 00:31:29,480
Speaker 1: think and call out loud and say it and talk

674
00:31:29,520 --> 00:31:31,720
Speaker 1: about it with my girls something I'm thankful for, because

675
00:31:31,760 --> 00:31:33,480
Speaker 1: I have so many things to be thankful for. And

676
00:31:33,520 --> 00:31:36,040
Speaker 1: then another thing the other day, Actually, Emily and I

677
00:31:36,120 --> 00:31:38,240
Speaker 1: had to talk about this because I feel like I

678
00:31:38,280 --> 00:31:40,800
Speaker 1: was maybe complaining a little bit about one of our

679
00:31:40,800 --> 00:31:43,600
Speaker 1: tenants at one of our rental houses. There was just, really,

680
00:31:43,640 --> 00:31:45,680
Speaker 1: I don't think any need for me to be grumbling

681
00:31:45,720 --> 00:31:48,760
Speaker 1: like I was about the circumstance. It was pretty minor,

682
00:31:48,960 --> 00:31:52,880
Speaker 1: after all, and ultimately those rental houses have been so

683
00:31:52,960 --> 00:31:56,200
Speaker 1: good for us as a family. They have been so

684
00:31:56,280 --> 00:31:59,040
Speaker 1: good for our ability to kind of live life on

685
00:31:59,080 --> 00:32:01,640
Speaker 1: our terms the way that you want to live, and

686
00:32:01,640 --> 00:32:03,560
Speaker 1: and so it just I don't know, talking about that

687
00:32:03,600 --> 00:32:06,960
Speaker 1: with Emily after my grumbling kind of allowed me to

688
00:32:07,360 --> 00:32:10,280
Speaker 1: have a different perspective on the tenant and kind of

689
00:32:10,400 --> 00:32:13,000
Speaker 1: on the good thing that is that rental house and

690
00:32:13,000 --> 00:32:15,800
Speaker 1: what it means to our family. So it wasn't necessarily

691
00:32:15,880 --> 00:32:19,800
Speaker 1: this concept of negative visualization, which I think is really interesting.

692
00:32:20,080 --> 00:32:23,000
Speaker 1: It's like a step beyond appreciating, right, maybe a little depressing.

693
00:32:23,040 --> 00:32:24,880
Speaker 1: I don't know if I'm gonna do that, but at

694
00:32:24,920 --> 00:32:27,720
Speaker 1: least just thinking about what am I grumbling about? Why?

695
00:32:27,920 --> 00:32:31,480
Speaker 1: And am I grumbling about something that in actuality, like

696
00:32:31,640 --> 00:32:34,000
Speaker 1: can I think about the positive side of that? Because Yeah,

697
00:32:34,000 --> 00:32:36,080
Speaker 1: for me, that was just huge to sweech, just to

698
00:32:36,160 --> 00:32:39,480
Speaker 1: kind of think about that problem from the complete flip

699
00:32:39,520 --> 00:32:42,080
Speaker 1: side of like how good I have it? And I

700
00:32:42,080 --> 00:32:44,680
Speaker 1: think that is a really good way to to change

701
00:32:44,680 --> 00:32:48,000
Speaker 1: your mindset, especially when you're grumbling or complaining. Oh and

702
00:32:48,040 --> 00:32:51,360
Speaker 1: oftentimes I feel like it is a conscious thing, like

703
00:32:51,400 --> 00:32:53,680
Speaker 1: you have to consciously do it. Oh yeah, you're not

704
00:32:53,720 --> 00:32:55,680
Speaker 1: going to naturally want to do that, right, Yeah, And

705
00:32:55,720 --> 00:32:57,720
Speaker 1: so you have to write it down or something and

706
00:32:57,720 --> 00:32:59,960
Speaker 1: put it, put it in front of yourself in the morning,

707
00:33:00,080 --> 00:33:02,640
Speaker 1: maybe so that you're reminded to do that or put

708
00:33:02,680 --> 00:33:04,400
Speaker 1: yourself in the path of others that are going to

709
00:33:04,480 --> 00:33:07,640
Speaker 1: remind you, right, Like my wife she does that for

710
00:33:07,720 --> 00:33:09,320
Speaker 1: me well, and hopefully I do that for her a

711
00:33:09,320 --> 00:33:12,320
Speaker 1: while that if if she is coming to something with

712
00:33:12,320 --> 00:33:14,640
Speaker 1: a bad attitude, I can talk to her, not in

713
00:33:14,680 --> 00:33:17,520
Speaker 1: a chastising way, but hey, well think about this, and

714
00:33:17,760 --> 00:33:20,320
Speaker 1: you know what, remind each other of the good things

715
00:33:20,320 --> 00:33:23,400
Speaker 1: that we have because as humans too, right, it's easy

716
00:33:23,480 --> 00:33:26,480
Speaker 1: for us to get bogged down in those negative feelings.

717
00:33:26,800 --> 00:33:30,120
Speaker 1: And having each other to bounce something off of and

718
00:33:30,200 --> 00:33:32,600
Speaker 1: to help us to think about something in a new way.

719
00:33:32,760 --> 00:33:35,360
Speaker 1: I think that's really important too, all right, man. So

720
00:33:35,400 --> 00:33:38,200
Speaker 1: that was appreciation, which is awesome something that you have

721
00:33:38,640 --> 00:33:42,200
Speaker 1: control over. And so some additional factors and things that

722
00:33:42,240 --> 00:33:45,280
Speaker 1: do create real happiness that you can change are things

723
00:33:45,320 --> 00:33:48,080
Speaker 1: like meaningful work. When I say meaningful work, I think

724
00:33:48,080 --> 00:33:49,640
Speaker 1: a lot of times the first thing people think of

725
00:33:49,760 --> 00:33:51,120
Speaker 1: our oh, I need to go ahead and quit my

726
00:33:51,200 --> 00:33:52,600
Speaker 1: job and get like a real job. With that I

727
00:33:52,640 --> 00:33:55,960
Speaker 1: really feel fulfilled in. And I think there's a lot

728
00:33:56,000 --> 00:33:57,920
Speaker 1: of people out there that have jobs that they would

729
00:33:57,920 --> 00:34:01,400
Speaker 1: say aren't great. But you said, if you're mindful about it,

730
00:34:01,400 --> 00:34:03,880
Speaker 1: and if you're conscious about it, you can within that

731
00:34:04,000 --> 00:34:07,480
Speaker 1: job find meaning. Within that job, you can find uh

732
00:34:07,520 --> 00:34:09,880
Speaker 1: and sort of decipher like, how through this am I

733
00:34:09,880 --> 00:34:12,919
Speaker 1: serving other people? How am I helping people? And that's

734
00:34:13,000 --> 00:34:14,640
Speaker 1: the sort of thing that we talked about when we

735
00:34:14,680 --> 00:34:16,879
Speaker 1: were talking about meaningful work. You can think about the

736
00:34:16,960 --> 00:34:20,560
Speaker 1: positive things that your job brings you, even though it's

737
00:34:20,560 --> 00:34:23,640
Speaker 1: not necessarily the dream job, right that you wanted to be.

738
00:34:23,880 --> 00:34:26,600
Speaker 1: And it's also helpful to look at the bright spots, right,

739
00:34:26,680 --> 00:34:30,680
Speaker 1: the good things that do happen, whether it's just one

740
00:34:30,719 --> 00:34:33,640
Speaker 1: thing that day that was good that happened at your job,

741
00:34:33,800 --> 00:34:36,600
Speaker 1: or one great interaction that you had with a coworker.

742
00:34:36,680 --> 00:34:38,040
Speaker 1: I think it's a good way to kind of put

743
00:34:38,040 --> 00:34:39,680
Speaker 1: a spin on a job that maybe you're a little

744
00:34:39,719 --> 00:34:41,680
Speaker 1: tired of or board with. That's kind of a good

745
00:34:41,680 --> 00:34:44,200
Speaker 1: way to help you reframe, right, the good things that

746
00:34:44,239 --> 00:34:48,560
Speaker 1: your job is currently, even though maybe it's not necessarily

747
00:34:48,600 --> 00:34:50,959
Speaker 1: the dream job that you've always wanted or that you're

748
00:34:51,400 --> 00:34:53,359
Speaker 1: super excited to wake up and go to every day

749
00:34:53,400 --> 00:34:56,080
Speaker 1: every day. So true, man, Another thing that we have

750
00:34:56,160 --> 00:34:59,680
Speaker 1: control over our our relationships. At least we have a

751
00:34:59,680 --> 00:35:02,279
Speaker 1: lot of control over the input, right, the things that

752
00:35:02,320 --> 00:35:06,279
Speaker 1: go into relationships and so be embedded in good relationships

753
00:35:06,280 --> 00:35:09,200
Speaker 1: and this includes you know, friends and family. You need

754
00:35:09,239 --> 00:35:11,920
Speaker 1: to make sure that you're in a nice type community

755
00:35:11,920 --> 00:35:15,279
Speaker 1: where you feel understood and we're you know, you're able

756
00:35:15,320 --> 00:35:17,279
Speaker 1: to help others and others are able to help you

757
00:35:17,320 --> 00:35:18,960
Speaker 1: and pour into your life as well. Yeah, and we

758
00:35:19,000 --> 00:35:21,720
Speaker 1: also have a whole episode on the necessity of community

759
00:35:21,760 --> 00:35:24,120
Speaker 1: where we kind of extrapolate that concept further. So you

760
00:35:24,160 --> 00:35:25,920
Speaker 1: go check that out in our backlog as well back

761
00:35:25,960 --> 00:35:29,360
Speaker 1: in the archives. Man, So try and grow and invest

762
00:35:29,360 --> 00:35:31,560
Speaker 1: in these relationships, right, and try to do that too

763
00:35:31,600 --> 00:35:35,160
Speaker 1: by engaging with other folks without being glued to your smartphones. Yeah,

764
00:35:35,160 --> 00:35:37,320
Speaker 1: we talked about the whole smart watch this thing earlier

765
00:35:37,360 --> 00:35:39,799
Speaker 1: and just screens in general and how distracting they can be.

766
00:35:40,280 --> 00:35:42,319
Speaker 1: It's sort of like this just sneaky thing that's like

767
00:35:42,520 --> 00:35:46,280
Speaker 1: weaving its way into our relationships where you're not seeing

768
00:35:46,320 --> 00:35:48,280
Speaker 1: the other person for who they are. And then ultimately

769
00:35:48,320 --> 00:35:50,399
Speaker 1: what that means is like you yourself, you're not being

770
00:35:50,440 --> 00:35:53,640
Speaker 1: known and what that leads to are just sort of shallow,

771
00:35:54,160 --> 00:35:57,799
Speaker 1: unfulfilling relationship. So keep tabs on that. Another factor that

772
00:35:58,000 --> 00:36:00,520
Speaker 1: leads to happiness in your life that you have a

773
00:36:00,640 --> 00:36:03,799
Speaker 1: substantial amount of control over is good health. There are

774
00:36:03,880 --> 00:36:07,360
Speaker 1: so many studies connecting our physical bodies to our happiness

775
00:36:07,760 --> 00:36:10,920
Speaker 1: and doing yoga, taking a hike, bike riding right, like

776
00:36:11,000 --> 00:36:14,279
Speaker 1: we love bike riding. Those kind of things are instrumental

777
00:36:14,520 --> 00:36:17,640
Speaker 1: to your good health and in turn your happiness. Yeah,

778
00:36:17,680 --> 00:36:20,439
Speaker 1: what about yoga, man? You you've been doing yoga recently? Oh,

779
00:36:20,520 --> 00:36:23,120
Speaker 1: you're gonna let everybody know that. I like it, all right,

780
00:36:23,280 --> 00:36:27,360
Speaker 1: So definitely not a yoga pro yet, but my my

781
00:36:27,400 --> 00:36:29,960
Speaker 1: wife's super into it and she's kind of been asking

782
00:36:30,000 --> 00:36:31,560
Speaker 1: me to go, Hey, will you like go on a

783
00:36:31,600 --> 00:36:34,520
Speaker 1: Friday morning before work go to yoga with me? And

784
00:36:34,600 --> 00:36:36,280
Speaker 1: so I've given it a try a couple of times.

785
00:36:36,800 --> 00:36:38,840
Speaker 1: I'm really digging it. Ma, Yeah, you like it. I

786
00:36:38,840 --> 00:36:40,360
Speaker 1: feel like it's really good for a couple of reasons.

787
00:36:40,440 --> 00:36:42,080
Speaker 1: I think it's, you know, good for my body, but

788
00:36:42,160 --> 00:36:44,719
Speaker 1: it's like so good for my mind. Like we're talking

789
00:36:44,719 --> 00:36:46,680
Speaker 1: about with smartphones and stuff like that, there's so few

790
00:36:46,680 --> 00:36:50,440
Speaker 1: times where I don't feel just completely connected, and like

791
00:36:50,520 --> 00:36:54,560
Speaker 1: that yoga hour is a time where I'm completely disconnected

792
00:36:54,600 --> 00:36:58,840
Speaker 1: from anything except for my own mind and my own breathing,

793
00:36:59,160 --> 00:37:01,400
Speaker 1: and so it's it's been, it's been really fun to

794
00:37:01,480 --> 00:37:04,080
Speaker 1: kind of do that together, and and so yeah, I

795
00:37:04,120 --> 00:37:06,080
Speaker 1: don't know. I would recommend yoga to people. And you

796
00:37:06,120 --> 00:37:08,440
Speaker 1: know what, there's like the stereotype too. I think for

797
00:37:08,520 --> 00:37:12,279
Speaker 1: dudes that yoga is for women. Maybe I'm wrong. I

798
00:37:12,280 --> 00:37:14,719
Speaker 1: feel like that stereotype is changing, and a lot of

799
00:37:14,760 --> 00:37:18,440
Speaker 1: dudes in there, there are a few, a few, But

800
00:37:18,560 --> 00:37:20,719
Speaker 1: I would tell any guy that's hesitant or the things

801
00:37:20,760 --> 00:37:24,160
Speaker 1: that it's not for guys, You're wrong, And it's totally

802
00:37:24,200 --> 00:37:27,360
Speaker 1: for guys and girls. It's just such a good experience

803
00:37:27,360 --> 00:37:29,719
Speaker 1: for your mind and your body. Yeah, highly recommend it.

804
00:37:29,760 --> 00:37:31,480
Speaker 1: I just think it would be awesome for everyone else

805
00:37:31,520 --> 00:37:34,239
Speaker 1: that's there actually with you, that gets to watch you

806
00:37:34,320 --> 00:37:36,680
Speaker 1: try to stretch, because you know, you're like six ft

807
00:37:36,680 --> 00:37:39,160
Speaker 1: seven or whatever, and trying to see you bend over

808
00:37:39,200 --> 00:37:42,360
Speaker 1: and actually touch your toes might be hilarious. There are

809
00:37:42,360 --> 00:37:44,680
Speaker 1: certain questions that my wife asked me. She's like, did

810
00:37:44,719 --> 00:37:48,440
Speaker 1: you hear the instruction correctly on that? Because you aren't

811
00:37:48,480 --> 00:37:51,839
Speaker 1: really doing what you're all facing that wall. But yes,

812
00:37:52,239 --> 00:37:55,120
Speaker 1: so yeah, I'm pretty inflexible, um, and some of the

813
00:37:55,120 --> 00:37:57,799
Speaker 1: moves after kind of but you're working on it, so

814
00:37:57,920 --> 00:37:59,759
Speaker 1: keep it up. Yeah, I'm working on we get I

815
00:37:59,800 --> 00:38:03,080
Speaker 1: get there. And lastly, man of you have control over

816
00:38:03,120 --> 00:38:05,640
Speaker 1: your purpose, right, the things that drive you, the things

817
00:38:05,680 --> 00:38:07,799
Speaker 1: that you make time for. Figure out what those things

818
00:38:07,800 --> 00:38:09,440
Speaker 1: are and make sure that you're doing them things like

819
00:38:09,640 --> 00:38:12,440
Speaker 1: hobbies and also to sort of like again, like I

820
00:38:12,520 --> 00:38:16,200
Speaker 1: mentioned what drives you financial freedom, Like that's for us

821
00:38:16,680 --> 00:38:18,960
Speaker 1: a big why behind why it is that we say

822
00:38:19,040 --> 00:38:20,640
Speaker 1: and why it is that we invest and why we

823
00:38:20,680 --> 00:38:23,120
Speaker 1: spend less. Yeah, I think when we bring it back

824
00:38:23,120 --> 00:38:26,120
Speaker 1: to the right, Matt, that concept of hedonic adaptation, we

825
00:38:26,280 --> 00:38:29,680
Speaker 1: think that maybe working a little bit more to make

826
00:38:29,760 --> 00:38:33,399
Speaker 1: a little bit more money to buy a few more things, right,

827
00:38:33,480 --> 00:38:37,200
Speaker 1: that that kind of treadmill, assuming that those things will

828
00:38:37,239 --> 00:38:39,240
Speaker 1: be the case, a little more work, a little more money,

829
00:38:39,320 --> 00:38:42,120
Speaker 1: a little more consumption, that that will lead to happiness.

830
00:38:42,120 --> 00:38:44,200
Speaker 1: That's kind of the treadmill that we're saying you need

831
00:38:44,280 --> 00:38:46,960
Speaker 1: to jump off of that thing. Right, that is the

832
00:38:47,360 --> 00:38:50,000
Speaker 1: scary thing that there there is no end to it, right,

833
00:38:50,280 --> 00:38:52,839
Speaker 1: there is no end to that sort of mindset and

834
00:38:53,280 --> 00:38:56,880
Speaker 1: finding your purpose, making time for meaningful hobbies and exercise

835
00:38:57,400 --> 00:39:01,160
Speaker 1: relationships and we're an important work that is meaningful. Like

836
00:39:01,239 --> 00:39:03,440
Speaker 1: those kind of things are life changing, and so I

837
00:39:03,440 --> 00:39:07,239
Speaker 1: would recommend anybody that's listening right now to maybe stop

838
00:39:07,280 --> 00:39:10,359
Speaker 1: after this episode and right down some of those things

839
00:39:10,560 --> 00:39:13,239
Speaker 1: that are meaningful to you, do the work of kind

840
00:39:13,280 --> 00:39:15,680
Speaker 1: of thinking about it and putting pen to paper, because

841
00:39:16,239 --> 00:39:18,759
Speaker 1: that's how you're going to make a meaningful change and

842
00:39:18,920 --> 00:39:20,840
Speaker 1: jump off the treadmill of like a little more, a

843
00:39:20,880 --> 00:39:23,680
Speaker 1: little more, a little more. And I think probably Matt

844
00:39:23,719 --> 00:39:25,600
Speaker 1: and I would both admit that for us, this is

845
00:39:25,600 --> 00:39:29,880
Speaker 1: difficult to write. You kind of do that natural brain shift,

846
00:39:30,000 --> 00:39:32,320
Speaker 1: right we talked about for good or for bad, whether

847
00:39:32,440 --> 00:39:36,400
Speaker 1: it helps a paraplegic recover after an accident or it

848
00:39:36,480 --> 00:39:38,839
Speaker 1: hurts a lot of winter and their happiness level is

849
00:39:38,920 --> 00:39:41,239
Speaker 1: just the same eighteen months later as it was before

850
00:39:41,280 --> 00:39:43,279
Speaker 1: they won the lottery. That's sort of way that your

851
00:39:43,280 --> 00:39:46,399
Speaker 1: brain works. Well, it's got good and bad, And Matt

852
00:39:46,440 --> 00:39:48,960
Speaker 1: and I would say it is easy to get on

853
00:39:48,960 --> 00:39:51,160
Speaker 1: the treadmill, and it takes a lot of work and

854
00:39:51,239 --> 00:39:55,720
Speaker 1: conscious thought to hop off. And hopefully after this episode

855
00:39:55,760 --> 00:39:57,680
Speaker 1: is done, you can take a little bit of time

856
00:39:57,719 --> 00:39:59,680
Speaker 1: to kind of think through some of these things and

857
00:40:00,040 --> 00:40:03,000
Speaker 1: it brings you actual meaningful happiness in your life and

858
00:40:03,080 --> 00:40:05,239
Speaker 1: make some changes. Yeah, man, a lot of what you're

859
00:40:05,239 --> 00:40:07,680
Speaker 1: just saying, right there is the why behind money, and

860
00:40:07,719 --> 00:40:10,480
Speaker 1: that's an actual episode. We spend an entire episode talking

861
00:40:10,520 --> 00:40:12,680
Speaker 1: about what it is that drives you. What is your

862
00:40:12,760 --> 00:40:15,600
Speaker 1: why behind money? And that is so essential and so

863
00:40:15,760 --> 00:40:18,839
Speaker 1: core to the decisions that you make every day when

864
00:40:18,880 --> 00:40:20,680
Speaker 1: it comes to your spending. And lastly, if we're going

865
00:40:20,719 --> 00:40:24,239
Speaker 1: to continue the sort of treadmill analogy, is being generous

866
00:40:24,600 --> 00:40:27,200
Speaker 1: and to be generous and to give your money away

867
00:40:27,239 --> 00:40:29,319
Speaker 1: and to spend it on others sort of like hit

868
00:40:29,360 --> 00:40:31,520
Speaker 1: and reverse on the treadmill, right, because instead of like

869
00:40:31,560 --> 00:40:34,319
Speaker 1: going full speed forward just to sort of stay in

870
00:40:34,320 --> 00:40:37,600
Speaker 1: the same spot, what you're doing is doing the opposite. So, yeah,

871
00:40:37,680 --> 00:40:39,720
Speaker 1: try to give of what you have and think about

872
00:40:39,719 --> 00:40:42,000
Speaker 1: what good you can do with your money. So seeing

873
00:40:42,000 --> 00:40:44,400
Speaker 1: the needs of others around you and in your community

874
00:40:44,760 --> 00:40:47,600
Speaker 1: is a much much healthier lens to look through than

875
00:40:47,719 --> 00:40:50,600
Speaker 1: comparing what you have or what you don't have to

876
00:40:51,120 --> 00:40:53,360
Speaker 1: your friends or your neighbors. I love that, buddy. I

877
00:40:53,400 --> 00:40:55,919
Speaker 1: feel like the hedonic treadmill is almost kind of gotta

878
00:40:55,920 --> 00:40:58,560
Speaker 1: flip it. Yeah, I feel like it's almost this myopic

879
00:40:58,640 --> 00:41:03,160
Speaker 1: thing where you're looking at yourself really here that's all

880
00:41:03,160 --> 00:41:05,960
Speaker 1: it is, right, Yeah, And and the opposite of that

881
00:41:06,040 --> 00:41:08,920
Speaker 1: probably the number one way to combat that, right, maybe

882
00:41:08,960 --> 00:41:10,880
Speaker 1: creating a list of all those things that, like I

883
00:41:10,920 --> 00:41:12,800
Speaker 1: just talked about. But but then the other thing is

884
00:41:12,840 --> 00:41:16,400
Speaker 1: being generous with what you have, Yeah, because being generous

885
00:41:16,480 --> 00:41:19,160
Speaker 1: with what you have is this great way to kind

886
00:41:19,160 --> 00:41:22,439
Speaker 1: of combat this natural instinct to want to accrue more.

887
00:41:22,840 --> 00:41:26,279
Speaker 1: It just completely reframes things, and it gives you just

888
00:41:26,400 --> 00:41:31,919
Speaker 1: a proper perspective on life, humanity, community, and what actually matters. Yeah.

889
00:41:31,920 --> 00:41:34,239
Speaker 1: I almost see it as like an antidote to like

890
00:41:34,280 --> 00:41:39,120
Speaker 1: selfish spending and just consumption, commercialism, just everything sort of

891
00:41:39,160 --> 00:41:41,520
Speaker 1: gross and bad out there, right, trampling people for a

892
00:41:41,640 --> 00:41:44,520
Speaker 1: hundred fifty dollar TV on Black Friday. Right, Yeah, it's

893
00:41:44,560 --> 00:41:48,080
Speaker 1: the exact opposite exactly. Yeah, all right, man, let's get

894
00:41:48,080 --> 00:41:50,880
Speaker 1: back to this beer. Then. This was the Manga Fara

895
00:41:51,000 --> 00:41:55,040
Speaker 1: Flux and that is by Mars and the r Z

896
00:41:55,400 --> 00:41:58,560
Speaker 1: Community Brewing Company out of Chicago. Yeah, and our friend

897
00:41:58,600 --> 00:42:02,200
Speaker 1: Andrew brought this beer back from Chicago for us. So

898
00:42:02,400 --> 00:42:04,400
Speaker 1: thanks Andrew. What do you think of this? It was

899
00:42:04,480 --> 00:42:07,240
Speaker 1: really good, I tell you what, man, I think Mango

900
00:42:07,400 --> 00:42:09,480
Speaker 1: beers are where it's at not a huge fan of

901
00:42:09,520 --> 00:42:11,920
Speaker 1: mangoes themselves. You know, mangoes like the fruit. I think

902
00:42:11,920 --> 00:42:14,640
Speaker 1: it's the texture. It's kind of slimy, like you slice

903
00:42:14,680 --> 00:42:16,320
Speaker 1: it and it's still stuck together. You're like, why is

904
00:42:16,320 --> 00:42:18,640
Speaker 1: that still stuck together? Yes, so I don't really like

905
00:42:18,680 --> 00:42:22,680
Speaker 1: to eat mangoes, but mangoes it adhesion to itself. It's

906
00:42:22,680 --> 00:42:24,680
Speaker 1: like the perfect beer fruit. Yeah. So it's a bottle

907
00:42:24,680 --> 00:42:28,239
Speaker 1: condition Berlin of ice with mangoes and Brett and that

908
00:42:28,280 --> 00:42:31,760
Speaker 1: bread gives it like a nice dryness, but with the mangoes,

909
00:42:31,760 --> 00:42:33,719
Speaker 1: they're nice little fruit, little fruit touched to the end

910
00:42:33,719 --> 00:42:35,520
Speaker 1: of it. I really dig it. Yeah, and almost have

911
00:42:35,600 --> 00:42:39,279
Speaker 1: like a champagne effervescence too. Yeah. So that was kind

912
00:42:39,280 --> 00:42:40,879
Speaker 1: of nice. It was nice and bubbly right when you're

913
00:42:40,880 --> 00:42:42,960
Speaker 1: pouring it. Yeah. Yes, so I've never had anything by

914
00:42:43,000 --> 00:42:45,719
Speaker 1: this brewery before, and uh, manget fair off Lux. I

915
00:42:45,719 --> 00:42:48,319
Speaker 1: would recommend it. Man really good, all right, Matt. Final thoughts.

916
00:42:49,840 --> 00:42:52,879
Speaker 1: We talked about how hidonic adaptation can be a bad thing.

917
00:42:53,000 --> 00:42:55,520
Speaker 1: We think they're buying things make us happy, but it

918
00:42:55,560 --> 00:42:57,799
Speaker 1: turns out it's more like a sugar rush and it

919
00:42:57,880 --> 00:43:01,759
Speaker 1: doesn't lead to ultimate happiness. So really, just understanding the

920
00:43:01,800 --> 00:43:04,600
Speaker 1: concept and the reality of the treadmill that we're on.

921
00:43:04,840 --> 00:43:06,840
Speaker 1: That's the place to start. That's right, man. Like buying

922
00:43:06,840 --> 00:43:08,880
Speaker 1: that quick little thing, you think it's going to improve

923
00:43:08,920 --> 00:43:11,520
Speaker 1: your life, but in reality, your happiness level comes right

924
00:43:11,520 --> 00:43:14,000
Speaker 1: back down to that sort of baseline happiness. And because

925
00:43:14,080 --> 00:43:16,399
Speaker 1: that hedonic adaptation can also be a good thing because

926
00:43:16,400 --> 00:43:18,480
Speaker 1: there's something negative where to happen to you. If you

927
00:43:18,520 --> 00:43:21,680
Speaker 1: give enough time, you're also gonna readjust before you know it,

928
00:43:21,680 --> 00:43:23,560
Speaker 1: you're gonna be at a point to where you feel

929
00:43:23,960 --> 00:43:25,879
Speaker 1: close to the same amount of happiness that you did

930
00:43:25,920 --> 00:43:28,920
Speaker 1: before that terrible event where to happen. And so ultimately

931
00:43:28,960 --> 00:43:31,520
Speaker 1: you want to use this concept of hedonic adaptation or

932
00:43:31,560 --> 00:43:35,239
Speaker 1: the hedonic treadmill to your advantage in spending less money.

933
00:43:35,280 --> 00:43:38,640
Speaker 1: If you kind of realize these characteristics about your brain

934
00:43:38,719 --> 00:43:40,960
Speaker 1: and the way it works, it helps you to combat

935
00:43:41,040 --> 00:43:45,719
Speaker 1: that and fight the urge to spend more. Realizing that

936
00:43:45,800 --> 00:43:48,960
Speaker 1: those little sugar rushes of happiness that you get from

937
00:43:49,000 --> 00:43:51,880
Speaker 1: a quick purchase don't really move the needle in the

938
00:43:51,920 --> 00:43:54,920
Speaker 1: long run, and that changing your habits can actually lead

939
00:43:54,960 --> 00:43:58,920
Speaker 1: toward more long term happiness by creating real financial stability

940
00:43:58,960 --> 00:44:00,680
Speaker 1: in your life. That's right, man. And so one of

941
00:44:00,719 --> 00:44:03,360
Speaker 1: the ways that you can bring that long term happiness

942
00:44:03,560 --> 00:44:05,960
Speaker 1: is appreciation. And what I love about this is that

943
00:44:06,000 --> 00:44:10,000
Speaker 1: this is is truly is the complete opposite of hedonic adaptation.

944
00:44:10,440 --> 00:44:13,640
Speaker 1: It's savoring the things that we own, the experiences that

945
00:44:13,680 --> 00:44:17,360
Speaker 1: we get to take pardon and most importantly, our relationships.

946
00:44:17,440 --> 00:44:20,520
Speaker 1: Hang on to that happiness that you already have. I

947
00:44:20,560 --> 00:44:22,880
Speaker 1: love that concept, my friend. It's just so good to

948
00:44:22,920 --> 00:44:24,840
Speaker 1: sit back and appreciate there are the good things that

949
00:44:24,880 --> 00:44:27,279
Speaker 1: you have and good friendship. Man, that's like at the

950
00:44:27,280 --> 00:44:29,680
Speaker 1: top of the list. Are you savoring our relationship right now?

951
00:44:29,719 --> 00:44:32,360
Speaker 1: Is that what you're thinking of? That's very instant. I

952
00:44:32,480 --> 00:44:36,279
Speaker 1: love you, buddy. So also being generous, that is the

953
00:44:36,360 --> 00:44:40,239
Speaker 1: other main antidote to that hedonic treadmill to get you

954
00:44:40,280 --> 00:44:43,719
Speaker 1: to hop off by giving of what you have, your

955
00:44:43,760 --> 00:44:46,480
Speaker 1: time and your money, in serving other people around you

956
00:44:46,640 --> 00:44:49,719
Speaker 1: and meeting needs that exist in your community. If you

957
00:44:49,760 --> 00:44:51,880
Speaker 1: live a life of generosity, it's kind of like throwing

958
00:44:51,920 --> 00:44:54,239
Speaker 1: a wrench in that treadmill. The electronic parts stuff like

959
00:44:54,280 --> 00:44:57,320
Speaker 1: fizzle and spurts and marks of flying exactly. Uh. And

960
00:44:57,840 --> 00:45:00,960
Speaker 1: so that's kind of the way to get yourself off

961
00:45:01,000 --> 00:45:03,600
Speaker 1: of that crumby treadmill life right and getting into something

962
00:45:03,680 --> 00:45:06,200
Speaker 1: more meaningful. Plus, running on a treadmill sucks. Man. Have

963
00:45:06,280 --> 00:45:07,840
Speaker 1: you ever run on a treadmill? Dude? I try to

964
00:45:07,880 --> 00:45:10,719
Speaker 1: avoid running all together. Like, if I want to run somewhere,

965
00:45:10,760 --> 00:45:12,319
Speaker 1: I want to go to get outside and actually run.

966
00:45:12,760 --> 00:45:15,439
Speaker 1: Running on treadmill is terrible in my opinion. I feel

967
00:45:15,440 --> 00:45:18,520
Speaker 1: the same way about stationary bikes. Yes, I don't get it. Yeah, yeah,

968
00:45:18,520 --> 00:45:21,040
Speaker 1: I don't don't get it at all. Get outside, alright,

969
00:45:21,080 --> 00:45:24,120
Speaker 1: that's gonna be it for this episode. Thanks everyone for listening.

970
00:45:24,320 --> 00:45:27,360
Speaker 1: Our home on the web is how to Money dot Com.

971
00:45:27,520 --> 00:45:29,160
Speaker 1: Check it out. We'll have some show notes up there

972
00:45:29,239 --> 00:45:30,840
Speaker 1: for you. If you like what you hear and you

973
00:45:30,840 --> 00:45:33,080
Speaker 1: found this podcast helpful, please let us know by giving

974
00:45:33,160 --> 00:45:35,880
Speaker 1: us a review on Apple Podcast or wherever you listen.

975
00:45:36,120 --> 00:45:37,840
Speaker 1: We'd love to hear from you, and be sure to

976
00:45:37,880 --> 00:45:41,800
Speaker 1: subscribe while you're there. Until next time, Man, best friends out,

977
00:45:42,080 --> 00:45:42,959
Speaker 1: Best Friends Out.