Morgan Housel is the reason I started investing. I’ve always appreciated how he breaks it down so anyone with little investing knowledge can understand the market. Same with Ramit Sethi
I took me years to realize how much I enjoy other people owning things. I walk down the street and see a beautiful yard. There was a time when I would have wanted that yard, but now I can say "how enjoyable to look at that yard -- I'm glad I don't have to take care of it, but it is beautiful."
I see a beautiful classic Alfa Romeo car and the minority in me wishes I kept mine but the majority of me appreciates it and loves it even moreso that it's someone's cost burden
My family instituted Secret Santa and it was the best move ever. I buy for 1 person, and spoil my 6 year old son. No pressure, no stress, no worries, nobody needs anything anyways.
He is right, Thanksgiving is so much better than Christmas. I hate gift giving, unless it is for a kid who doesn't have their own money. My wife and I just have a date night instead of giving each other a gift.
We have shifted our xmas too. Only the little one gets gifts and a family exchange gift game. It's much more fun to watch kids open gifts and drink egg nog.
I feel bad for you. You should get joy out of giving. The value is not the point. The thought is what matters. Write a note. I agree though, we’ve ruined Xmas and made it too commercial. Get back to simple
Xmas is also the end of year where you hear about everyone doing well and going on nice ski vacations while you might actually be busy AF. and you reflect on how crappy your year went by without doing anything extraordinary.
Money may not buy happiness, but it sure buys a lot of stress during the holidays... 😂 Anyone else feel more anxiety than joy when December rolls around?
I think men in particular under estimate jewelry flowers and perfume. More generally I think it depends on the person and their love language. If you like to receive gifts and also let’s say your spouse is emotionally inarticulate, then listening to what you would like can often be a very meaningful gesture when they give you the gift you have been wanting. Taking a trip somewhere and having a nice dinner is great too. In Iceland they drink cocoa and read books on Christmas. Sounds lovely.
Have to be honest, I'm aware of how much I'm enjoying watching Ed interview a great guest without the anxiety of Scott's cringe "jokes" about rape. At least two in the last month and I would bet a $1,000 he doesn't have Daughters.
20:32 This is not so clear cut to me. We are social animals, and the sense of being watched and watching others stems from a deep part of who we are. Groups of people on literal secluded islands have cultures and stories that include veneration and status.
If you have more money more of your problems would go away. For most it’s not about buying more stuff, it’s about making dumb problems go away, esp true in the Us, and esp if you have health problems
Drawing a name and keeping the limit to say $20 for another member of a big family is fun, as is having white elephant gifts wrapped and playing games and trading them.
Pressure to give gifts to other adults for XMAS is purely a concept made up by the retail companies. Screw that, I only give gifts to kids (especially my own kids)
I just do not understand this whole jealousy and envy being the root of why people spend money. I mean I get that it does that for some people but that has nothing to do with my spending. For me it's just the dopamine hit. I could care less what other people think of me and my possessions and in fact I really don't want them knowing that much about me.
Man you really notice it when Scott's not there. Does Scott have try hard energy? Absolutely. But at least he's got a personality. The other guy is blander than dry paint.
I make 36k a year. I'm very offended by your rhetoric around, "Money doesn't buy happiness." Being financially secure should be the baseline. Then, after achieving financial stability, you can work on being happy. But check-to-check living just makes me incredibly - idal. Be it suic - or homi -.
Morgan Housel is the reason I started investing. I’ve always appreciated how he breaks it down so anyone with little investing knowledge can understand the market. Same with Ramit Sethi
Yeah he is the goat
I took me years to realize how much I enjoy other people owning things. I walk down the street and see a beautiful yard. There was a time when I would have wanted that yard, but now I can say "how enjoyable to look at that yard -- I'm glad I don't have to take care of it, but it is beautiful."
It's the way to live :)
I see a beautiful classic Alfa Romeo car and the minority in me wishes I kept mine but the majority of me appreciates it and loves it even moreso that it's someone's cost burden
YES!! We always need more Morgan Housel! This guy is so damn insightful
My family instituted Secret Santa and it was the best move ever. I buy for 1 person, and spoil my 6 year old son. No pressure, no stress, no worries, nobody needs anything anyways.
He is right, Thanksgiving is so much better than Christmas. I hate gift giving, unless it is for a kid who doesn't have their own money. My wife and I just have a date night instead of giving each other a gift.
We have shifted our xmas too. Only the little one gets gifts and a family exchange gift game. It's much more fun to watch kids open gifts and drink egg nog.
I feel bad for you. You should get joy out of giving. The value is not the point. The thought is what matters. Write a note. I agree though, we’ve ruined Xmas and made it too commercial. Get back to simple
Giving to Blue Santa🤠makes me so happy at Christmas
So with you, don’t do gifts anymore
Not to feed Scott's insecurities but this podcast was a banger, kudos
Amazing! I can't put my finger on it, but this episode was way more energetic, dynamic and effervescent than many previous. Great work! 🎉
Glad you enjoyed it!
The commercials are painful. But to hear Morgan, it's worth it.
This conversation is the best Christmas gift !
Love the focus on the emotional aspect of our relationship with money
Xmas is also the end of year where you hear about everyone doing well and going on nice ski vacations while you might actually be busy AF. and you reflect on how crappy your year went by without doing anything extraordinary.
Never missed your show prof
Great episode; great questions Ed, thank you both.
Excellent podcast as usual. Very thoughtful and life affirming.
Money may not buy happiness, but it sure buys a lot of stress during the holidays... 😂 Anyone else feel more anxiety than joy when December rolls around?
This christmas i am thankful ed elson and scott galloway are in my life
We exchange books, supposedly an Icelandic tradition. It's fantastic and transformed Christmas for our family.
Banger episode, great job there, Ed! 💪🏼👏🏻
16:43 When you stumble over society's MAIN problem. That little fact right there is why trickle down never worked!!!
I think men in particular under estimate jewelry flowers and perfume.
More generally I think it depends on the person and their love language. If you like to receive gifts and also let’s say your spouse is emotionally inarticulate, then listening to what you would like can often be a very meaningful gesture when they give you the gift you have been wanting.
Taking a trip somewhere and having a nice dinner is great too. In Iceland they drink cocoa and read books on Christmas. Sounds lovely.
Great point about the frequent failure of New Years resolutions… I’m going to automate my 529 deposits on a monthly basis for ‘25 so I can’t back out.
Scott’s not here? I’m out✌️
Joking, Ed makes the show
Have to be honest, I'm aware of how much I'm enjoying watching Ed interview a great guest without the anxiety of Scott's cringe "jokes" about rape. At least two in the last month and I would bet a $1,000 he doesn't have Daughters.
Every person that has money says money isn’t that important.
Next time Scott is sick (or hungover) you should use the Scott AI bot you made in his place
Gifts for your kids up to a certain age.
Otherwise, no gift swapping. Easier for everyone.
Agreed💯, I haven’t cared about getting gifts since like 13-15 years old.
Why is Scott a multi- millionaire and still more relatable than this guy?!
I gave it 15 minutes. I’m tapping out.
Scott’s TDS final hit hard
Thats why we only buy gifts for kids.
20:32 This is not so clear cut to me. We are social animals, and the sense of being watched and watching others stems from a deep part of who we are. Groups of people on literal secluded islands have cultures and stories that include veneration and status.
If you have more money more of your problems would go away. For most it’s not about buying more stuff, it’s about making dumb problems go away, esp true in the Us, and esp if you have health problems
Morgan without Scott okay then 👀
Drawing a name and keeping the limit to say $20 for another member of a big family is fun, as is having white elephant gifts wrapped and playing games and trading them.
Sorry about your future, kids. You should make all the changes you need without regard for your parents.
Thanksgiving is only stressful for those hosting.
Or if your family are all Trump supporters and you are not.
All I'm hearing is the classic bullet points that every author that sells this kind of books talks about
Pressure to give gifts to other adults for XMAS is purely a concept made up by the retail companies. Screw that, I only give gifts to kids (especially my own kids)
I just do not understand this whole jealousy and envy being the root of why people spend money. I mean I get that it does that for some people but that has nothing to do with my spending. For me it's just the dopamine hit. I could care less what other people think of me and my possessions and in fact I really don't want them knowing that much about me.
SCOTT GOT BIRD FLU?
How to make the most of your money in the new year?......Spend someone else's..........
Anyone check microstrategy lately?
Yes not good
I was really looking forward to the beat drop 😢
Man you really notice it when Scott's not there. Does Scott have try hard energy? Absolutely. But at least he's got a personality. The other guy is blander than dry paint.
Bet on Kamala
Ed uses the word “like”, like a foolish pregnant pause, lose the “like”, umm errr uhhh…
Your only 25!
I make 36k a year. I'm very offended by your rhetoric around, "Money doesn't buy happiness." Being financially secure should be the baseline. Then, after achieving financial stability, you can work on being happy. But check-to-check living just makes me incredibly - idal. Be it suic - or homi -.
You are son of soil like me
An episode without a sex joke from a 60 year old man child 🤔
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I stopped hearing when they said Christmas is about presents and stress. Ridiculous consumerist shallow thinking
Yeah, I don't understand how folks don't even focus on the nativity and proper celebration. Clown world.