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The Psychology of Money: Wealth, Want, and Wonder!
12th November 2025 • The Daily Note with James A. Brown • James A. Brown
00:00:00 00:01:00

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Takeaways:

  • In this episode of the Daily Note, we dive into the idea that having tons of money doesn't always equal happiness – sometimes it's about our mindset!
  • Morgan Housel, the author of The Psychology of Money, teaches us that true satisfaction comes from wanting less rather than simply earning more cash.
  • We explore the powerful notion that our happiness is often tied not to our income but to our ability to appreciate what we already have in life.
  • The episode highlights a personal story about James A. Brown's grandmother, who found joy in simplicity despite living on the edge of poverty.
  • We discover that to feel richer, we can either increase what we earn or decrease our desires – a tricky balancing act, but worth considering!
  • Finally, we encourage everyone to reflect on their own relationship with money and happiness, because understanding this can lead to a more fulfilling life.

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Companies mentioned in this episode:

  • Morgan Housel


This podcast uses the following third-party services for analysis:

Podcorn - https://podcorn.com/privacy

Transcripts

Speaker A:

This is the Daily Note.

Speaker A:

I'm James A.

Speaker A:

Brown.

Speaker A:

You can have everything and still feel broke.

Speaker A:

That's what Morgan Housel, the author of the Psychology of Money, says.

Speaker A:

When you picture a happier version of yourself, you're not imagining more money.

Speaker A:

You're imagining being satisfied with it.

Speaker A:

His grandmother lived on the edge of poverty.

Speaker A:

She tended a small garden, read library books, and was one of the happiest people he knew.

Speaker A:

While many people who make six figures feel behind the difference is the gap between what you have and what you want.

Speaker A:

You can shrink it two ways earn more or want less.

Speaker A:

It's harder than it sounds and a lesson that I'm trying to learn myself.

Speaker A:

So what do you think?

Speaker A:

Let me know@jamesabrown.net or call me.

Speaker A:

-:

Speaker A:

On that note, I'm James A.

Speaker A:

Brown, and as always, be well.

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