The Psychology of Money: A Huberman Lab Program
This program delves into the psychology of money, wealth generation, and its impact on happiness and freedom, drawing from Morgan Housel's book "The Psychology of Money" and the Huberman Lab podcast episode featuring Housel. It explores behavioral finance concepts, helps you identify personal biases, and offers strategies for a healthier relationship with money.
Program Modules
Introduction
Introduces the program, Morgan Housel, and the core themes: understanding your relationship with money and building financial well-being.
Introduction
DailyIntroduces the program, Morgan Housel, and the core themes: understanding your relationship with money and building financial well-being.
“welcome to the huberman Lab podcast where we discuss science and science-based tools for everyday life”
Core Concepts: Psychology of Money
Explores Housel's key ideas on how personal experiences shape our financial behavior. This includes detailed explanations of relevant behavioral economics principles (prospect theory, loss aversion, framing effects, mental accounting, hyperbolic discounting).
Self-Assessment: Financial Decisions
WeeklyStructured self-assessment using established behavioral science measures to identify personal biases and areas for improvement in financial decision-making. Prompts will assess risk tolerance, loss aversion, and future regret.
“the trait that you need to do well with money over time...is a well-calibrated sense of your future regret”
Money, Freedom, and Independence
Explores the relationship between financial security and personal freedom, emphasizing the importance of aligning financial goals with personal values and life aspirations. Includes discussion on managing financial anxiety and stress.
Money, Freedom, and Independence
DailyExplores the relationship between financial security and personal freedom, emphasizing the importance of aligning financial goals with personal values and life aspirations. Includes discussion on managing financial anxiety and stress.
“really what we're seeking...is freedom...independence”
Actionable Strategies and Diverse Perspectives
Provides specific, actionable strategies for financial management, incorporating diverse perspectives beyond Housel's. Includes budgeting techniques, investment strategies, and debt management.
Actionable Strategies and Diverse Perspectives
DailyProvides specific, actionable strategies for financial management, incorporating diverse perspectives beyond Housel's. Includes budgeting techniques, investment strategies, and debt management.
“by asking yourself certain probe questions...you can arrive in a place where your relationship to money...really clearly matches your particular goals”
Conclusion and Reflection
Summarizes key takeaways, encourages reflection on personal financial habits, and reinforces the importance of aligning financial decisions with overall well-being.
Conclusion and Reflection
DailySummarizes key takeaways, encourages reflection on personal financial habits, and reinforces the importance of aligning financial decisions with overall well-being.
What You'll Accomplish
- Understand the psychological factors influencing financial decisions.
- Identify and address personal biases related to money and wealth.
- Develop strategies for aligning financial goals with personal values.
- Cultivate a healthy relationship with money to promote happiness and freedom.
- Apply behavioral economics concepts to real-world financial decisions.
- Manage financial anxiety and stress effectively.
Full program access + updates