Podcast

“Why Happier People Save More and Consume Less”

Podcast: Play in new window | Download (Duration: 1:01:41 — 141.2MB) | Embed

With Dr. Cahit Guven | Global XSBI Econometrician | Senior Lecturer in Economics

Summary

In this conversation, Dr. Guven discusses the relationship between happiness and financial decisions. He explores the impact of happiness on savings, consumption, risk-taking, and perception. Dr. Guven also highlights the collaboration between economists and psychologists in understanding the complex interplay between emotions and financial choices. The conversation delves into the role of self-control, the influence of unpredictable weather on happiness and financial behaviour, and the potential of using big data to improve well-being. Ultimately, the discussion raises thought-provoking questions about the connection between money and happiness and the importance of prioritizing happiness in financial decision-making.

Takeaways

Happiness has a significant impact on financial decisions, including savings, consumption, and risk-taking.
Collaboration between economists and psychologists is crucial in understanding the complex relationship between emotions and financial choices.
Perception plays a vital role in financial decision-making, and changing perceptions can lead to better financial outcomes.
Focusing on happiness and well-being can improve financial decision-making and overall life satisfaction.

LINKS:

Dr. Guven’s Website: CLICK HERE
Dr. Guven’s LinkedIn: CLICK HERE

On March 28, 2024 • By maslyks1

About maslyks1

As a Certified Financial Planner and plenty of learnings through the “school of hard knocks” my goal is to share my money relationship with others in the hopes it helps others to explore their own relationships.