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Podcast: Huberman Lab / Morgan Housel

Episode: Understand & Apply the Psychology of Money to Gain Greater Happiness

This week, I’ve been listening to the podcast episode linked by Andrew Huberman and Morgan Housel. It’s probably the most interesting thing I’ve listened to in 2024.

Morgan Housel is a partner at The Collaborative Fund. He's the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over seven million copies and have been translated into more than 60 languages.

Andrew Huberman, Ph.D., is a neuroscientist and tenured professor in the department of neurobiology, and by courtesy, psychiatry and behavioral sciences at Stanford School of Medicine. Huberman is a McKnight Foundation and Pew Foundation Fellow and was awarded the Cogan Award, given to the scientist making the most significant discoveries in the study of vision, in 2017.

The podcast episode is over 2 hours long and is best listened to in 30 or 45 minute chunks. Although the topic is on the psychology of money, the focus is largely philosophical. For me, there’s been two main takeaways.

  1. Independence & Purpose

    1. It’s not a surprise to anyone that we, as humans, idolize money. It’s measurable and we often find too much of our identity within it. Housel & Huberman dive into what humans truly need to lead a meaningful life. Independence & Purpose look different for everyone, but we should seek it with everything we have. Independence & purpose could look like a tenured professor that lives modestly and truly loves their work. Independence & purpose could be someone who drives hard building a business, exits, and then pivots to building a garden and writing poetry. The podcast dives deeper into this topic and shares how easy it is to love sight of independence & purpose.

  2. Calm Mind / Fit Body / House Full of Love

    1. I believe there’s a large difference between being rich and being wealthy. Rich in resources is one thing, and isn’t always negative. Wealthy reaches far beyond “being rich.” Housel & Huberman dive into Naval’s foundational concept of seeking a Calm Mind, Fit Body, and a House Full of Love. This is wealth and therefore drives independence & purpose.