How To Create A Life Of Purpose & Achievement - Dr Mike Israetel
ฝัง
- เผยแพร่เมื่อ 12 ส.ค. 2024
- Mike Israetel is a bodybuilding and fitness consultant, Temple University professor of Exercise Science, co-founder of Renaissance Periodization and author.
There are thousands of videos online about what it means to be happy and successful, usually all with different conclusions, but most include wealth in some form or another.
Expect to learn why a pessimistic view of life is unrealistic, the extent to which money can buy you happiness, why living in the present moment is overrated, if trading your time for future gains is a smart move, how to find purpose even in jobs you hate, whether worrying about the future will help you be more successful, Mike’s contrarian view on porn, the future of how AI will shape society and much more....
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#mikeisraetel #money #happiness
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00:00 Intro
01:07 So Many People Are Pessimists
03:48 Are We Really Worse Off Than Our Grandparents?
14:10 Why Does the Pessimism Bias Exist?
21:16 Why Realism is More Appropriate than Optimism
25:47 How Can Money Buy Happiness?
36:35 Where Money, Happiness & Success Meet
44:42 Overcoming Fear of Ridicule from Working Harder
53:00 How Worrying Destroys Happiness
1:03:11 The Left-Leaning View of Working for Success
1:09:09 Mike’s Concerns with the Current Right-Wing
1:20:35 Is Porn Actually That Bad?
1:30:01 Something is Sedating Young Men
1:41:04 Why Mike Doesn’t Worry About AI’s Alignment Problem
1:51:47 Where to Find Mike
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Hello you beauties. Access all episodes 10 hours earlier than TH-cam by Subscribing on Spotify - spoti.fi/2LSimPn or Apple Podcasts - apple.co/2MNqIgw. Here’s the timestamps:
00:00 Intro
01:07 So Many People Are Pessimists
03:48 Are We Really Worse Off Than Our Grandparents?
14:10 Why Does the Pessimism Bias Exist?
21:16 Why Realism is More Appropriate than Optimism
25:47 How Can Money Buy Happiness?
36:35 Where Money, Happiness & Success Meet
44:42 Overcoming Fear of Ridicule from Working Harder
53:00 How Worrying Destroys Happiness
1:03:11 The Left-Leaning View of Working for Success
1:09:09 Mike’s Concerns with the Current Right-Wing
1:20:35 Is Porn Actually That Bad?
1:30:01 Something is Sedating Young Men
1:41:04 Why Mike Doesn’t Worry About AI’s Alignment Problem
1:51:47 Where to Find Mike
Studies of shown if your positive and optimistic trough life your 50% increased chance over negative people of succeeding in whatever your trying to achieve.
Chris gets the last laugh with that thumbnail pic 🤣😂😂
You need to facilitate a workout vlog with Dr. Mike and Destiny. That would be epic content.
Would be good to see jonni shreeve on the show
I love how Mike is on here not for exercise science but for his secondary channel content 👌
What is his secondary channel?
Search mike israetel philosophy channel and it will show up. It’s called Making Progress I think, but I’m not sure if it changed
Why would you care?
@@UnknownGunslinger Thank you, i found it. Have a good one.
@@JustMe-999aBecause Dr. Mike is incredibly intelligent and logical
I've listened to Dr. Mike for ages and everytime I'm left wanting more. Seriously a great human being and I'm glad I know of him
Awesome Stuff. Love Dr. Mike. To give anecdotal evidence to some of the stuff talked about here. Years ago(age 28) I started working at chick fil a, after leaving the Marines. Many people talked down to me, especially other workers. But I loved it. I love being good at things, and I took it very seriously and gave my best effort every day to get better. Within a 4 month time frame, I got 3 promotions and was working "above" everyone except the owner. And every chance I would get to sneak away from my work, to scrub in, and work the line I would take. I still look back at those times as some of my fondest memories. So many people have weird attitudes towards things they dont quite understand, but giving your absolute best effort is probably the best feeling in the world in my opinion.
Spot on! Chick-fil-A, in my experience, was a professional fast food service. They gave people of all types opportunity/ies.
Thanks for your time, feedback, and service.
I did that in reverse.
Loved working at an Arbys in FoCo and Texas Roadhouse. Loved baking and cold prep, getting better at time it took to make a batch of rolls from scratch.
Joined the Navy and was in for 7 years and never enjoyed it to the degree I enjoyed my older jobs.
Thanks for reminding me about that feeling of working to perfect my duties at my job. That's truly when I grew as a man and felt great understanding the purpose of the day in day out struggles
I’ve always said you don’t need to be proud of your job to be proud of your work.
Why. I don’t understand
You definitely don't have to love your job to be proud of your work!
If you love how good you are at working / your capacity/ competence , the job really doesn’t matter. Your worth is attached to you, not what you’re attached to at the moment.
Dr Mike is the man, excited to listen to this.
Financial stress definitely lowers happiness, so having enough money so that you don't have to worry about it definitely helps.
Beyond that point, however, the pursuit of money often comes at the destitution of other aspects of life. I saw a clip of a millionaire (Patrick Bet-David, iirc) saying that two hours of free time a day was all that a person needs. He also included doing household chores and grocery shopping within those two hours. Maybe he doesn’t include meal times and working out as being things that should be included in “free time,” but this is a man with children. “The kids can cry in their lambo” or whatever, but I’m not sure a price can be put on healthy parental interactions.
Money can't buy love or true friendship, but it can buy peace of mind.
Chris. I have been following your podcasts for years and just wanted to thank you for having Dr Mike on. The guy is pretty much the best on YT fitness when it comes to communicating scientific knowledge in an accessible way but is also a very wise, smart, no bullshit and deep guy - and funny to top it all. Unfortunately not a lot of people get to invite him to talk about non fitness topics but you did, which actually demonstrates that you go one level deeper than pretty much everyone else. Wishing you all the success you deserve and cheers to you!
None of his content is supported by scientific evidence lol
@@bloogalei Expand on this ridiculous statement please. I'd love to hear your justification for this one. 😂
Really shows that he should stay in his lane. He knows jack shit outside his expertise
@@MichFoodFitnesshe can't bro. He made it up cuz the guy tells him shit he doesn't want to hear lol.
"If you're not a top performer, you help the top performers." That's team-work 100%
Love Dr Mike. Been following and applying his fitness content for a few years and also a happy customer of his RP Training app. So many great topics covered here, too many to comment on individually, enjoyed every minute of it
I can't remember when I was as blown away and as aligned with someone's opinions as with Mike. First heard of RP through Derek MPMD, saw a few clips, was turned away for some reason (I was probably jumping to conclusions). The knowledge is 🔥
Seriously one of the best podcasts i ever heard. Period.
One of my favorite interviews you’ve done man. Wanted it to go on longer than it did. You’re killing it dude.
Great conversation. Amazing to see Dr. Mike outside of the bodybuilding realm.
Amazing interview. Highly educated Dr. MIKE and pragmatic as well. Nice topics cover and thanks for providing a glimps of Mike values, principles and life views
Love seeing that y’all had Dr.Mike on here! Love all his content
Off course money buys you happiness, without a doubt. You can buy stuff you like and enjoy, help the people you love, have money to create memories, have the freedom to do what you want, not having to work in a job you hate, you have more influence, you can support charities and the less fortunate, which could bring fulfilment. Without money non of this is possible. This is coming from someone that has been homeless, without enough money for a meal, to now living comfortably
And yet, there are plenty of rich people who are miserable and some of them end up killing themselves.
@MrAchile13 everyone says that but there's not many... can u name 10 of them? Its like me saying 'a car is amazing for transportation compared to horses' and you replying with 'yeah but many people die in car accidents'
Money does make a good down payment on happiness, but doesn't guarantee happiness.
@@KingSB187 a quick google search will show up much more then 10. The premise was not "having money it's better then not having them", it was "of course money buys you happiness".
Sure, money can get you joy and a spike of endorphins, but studies have shown people who get richer, get used to it and get back to their emotional base level. Money will not make you invulnerable to the hardships of life.
It's nice to have money, a big house, a nice car, a shredded body, but none of them will make you happy. One can pursue all these things, but without expecting they will bring happiness.
Bad choices is what causes the unhappiness in rich celebrities… they tend to think the drink and parties is the key to happiness, I’m in full agreement with this comment.
Money can actually buy you happiness it just all depends how you use it
I never particularly enjoyed Chris ( generally not a big fan of this sphere of content creators, although not negatively predisposed to them as people or bussinesmen ), but the way he interacted with Mike was extremely entertaining and I believe allowed Mike to shine in his best light. This content literally made me happy and , unfortunately, albeit momentarily, optimistic.
GOLD: "You're not actually thinking about this, you just have a lot of feelings."
Outstanding, both intellectually stimulating and entertaining.
Love Dr Mike, been following him for years. Have him on more!
I like this guy but I have to push back on his point about inflation. I think the reason people get overly upset about inflation is because it's almost entirely avoidable with sound monetary policy. Unfortunately the people in control of our money supply have gone completely off the rails and don't respect anyone and that's why inflation feels like such a slap in the face to people.
They're quite literally stealing from us in order to kick the can of their own bad policy down the road.
My first American-made guitar cost me $450+tax brand new in 2014 (Gibson SG Junior/SGJ14). The current closest equivalent to that model currently costs $1299+tax (Gibson SG Tribute).
Yeah, something’s wrong there.
Yeah, inflation is the silent tax. If only we had fiscal responsibility we wouldn't need it. It's not like every president figures out how to spend way more than the last one :/.
Agreed. Inflation during the Obama years made my retail wages stay stagnant the entire time, as inflation on food costs kept eating any increase in salary and pay.
Immediately after Donald Trump changed fiscal policy, food costs went down and my pay went up, and I was able to save within a year or two to make an interstate move.
But thats also not why most people get upset about inflation. Theyre mad their mcdonalds order costs $10 vs the $5 it used to be. They dont understand the reasons why, and most never will or want to understand why.
@@6mcneills The bigger issue with that, and why people are right to get mad over inflation, is that inflation can easily rise faster than wages, unless there's good fiscal policy that keeps inflation low.
So policies that the DNC refuses to even try.
Not heard Mike talking life (non gym stuff) and he's great. I share lots of views with him, happiness is the pursuit! Whether that's work or in the gym lifting!
Brilliant podcast Chris, and fucking hilarious. You two play off of each other masterfully. Loved the topics you guys covered and this guy is a riot. Supremely entertaining. Great work man, and congrats on 1 million!
Dr. Israetel is a fascinating dude! Thanks Chris, I always discover new wise people on your podcast!
“There are no solutions, there are only trade-offs.”
Thomas Sowell 👍
There are no solutions because there are no problems apart from death. And for death there is no solution.
Two plus two equals four. Solution without trade-off.
Thank you for introducing this quote to me. This helped me immensely on how to go about things in which I'm currently entangled in.
@@cruze7778 “create dilemmas for your enemies, as problems have solutions, but dilemmas have trade-offs.”
(Bastardized Sun Tzu)
I love Dr. Mike. Finally someone that thinks through problems instead of spouting out clickbait like porn and ai is destroying the fabric of society.
Mike is my favorite personality in the fitness space by far
This is not it. Pretty much the example of expertise promiscuity. He knows jack shit outside of his realm and should act like it.
@@HalfJapMarineThats like not a term 😂
@@zeppkfw not to morons
@@HalfJapMarine “doesn’t know Jack shit “ is a slight over exaggeration. 🤣
@@MichFoodFitness Heavily biased in the wrong direction of reality sound better?
While he dismisses pessimism, his arguments overlook real concerns. Wage stagnation, rising living costs, and unequal wealth distribution persist. Let's not oversimplify complex issues.
He isn’t dismissing pessimism. More so explaining a common mindset that can lead you to additional suffering in life. The perception you take along with you in life and what you curate this into, will create your reality. Some people in third world countries are gracious and happy at a level of poverty that is far worse than that of anyone in America.
Yes their are complex issues hurting millions and we shouldn’t under-mind important factors of issues at play. But the mindset you take can drastically improve your current condition and help you to find success later.
Yeah, he lost me at "Union jobs where you can't get fired." I'm union. That is such an unsupported myth and exaggerated misconception. And what was he talking about? oh, he was talking about unsupported myths and exaggerated misconceptions. Oops. He basically just did what he says is bad: not really researching your assumptions and slogans you've adopted and chosen to repeat. The increasing difference between increase in CEO pay & Stockholder dividends and minimum wage over the last 5 decades is something else you can prove with just a few minutes of google searching. Really disappointed he didn't bring much nuance and real facts to his take. Yes, there are LOTS of people that are parrots on the internet. But there is also some truth and definitely evidence of wage stagnation and wealth divide growing. If your take is that there are too many parrots on the internet, then you need to make sure you aren't parroting unsupported information too.
An athlete doesn't know all the ins and outs of business contract law, so the athlete hires an agent to negotiate the best price for the athlete's skills. That's capitalism, not socialism. I don't know everything I can about business contract law, so I'm a union member and the union becomes my agent at the negotiation table to get me the best price and benefits for my skills, just like that athlete. It's capitalism, not socialism. My union is my sports agent. Absolutely no union successfully negotiates 'and the employees can't ever be fired' into a contract. Unions are NOT forcing businesses to 'redistribute wealth'. Unions are selling skills. If a businessman can sell their product or service at the best price the market can bear, then as a union member I can too. My union negotiates a price for my skills that the market can bear. Same - Same. Unions aren't "liberal" or socialist, they are democratic. They behave as the majority of Union members behave. They determine a lot of things by voting. There's a lot of people online that parrot that Unions are 'socialist or communist' but those parrots are wrong.
"Are we worse off than our grandparents?" In my family, I have to go back to my great grandparents to reach a time when 1 "non-professional/non-college" income supported a family with money left over for savings and they owned a home. My Grandparents were able to have a comfortable life and savings from 1 full time (union) and 1 part time (retail), both non-professional jobs. My parents, it was 1 professional full time job (mechanical engineer) and 1 non-professional full time job (secretary), to slightly exceed the standards of my grandparents. My generation, 2 college full time jobs (IT & Telcom), no significant savings and not living at same level as parents but not poor. My niece and her husband, 2 college educated people, struggle to find better full time employment, can't afford a home, no savings at all, 2 full time jobs (Housing & Construction) PLUS gig economy side hustles (Uber eats & theater work which becomes part of their 'entertainment' since they can't afford entertainment like concerts or shows), own only 1 car, no kids, and they are constantly on the brink of dead broke all the time. They're poor compared to my Great-Grandparents and Grandparents. This is typical. There is a huge majority of people in the US who will answer "yes" to "Am I worse off." They aren't destitute, but there are many Millennials who are very exhausted from constantly treading water after ticking ALL the boxes of what 'successful people should do'.
I'm also confused by him reading and supporting some very optimistic authors and researchers like Hans Roling and Steven Pinker, but then claims to be a pessimist. What? Hans Roling's youtube videos where he demonstrates the statistical improvements in the mythical '3rd world' are so inspiring. I would recommend everyone to look those up. VERY INFORMATIVE and optimistic. Over that same time period where many formerly 'developing nations' are now up to "1990 USA standards", the USA itself hasn't improved most of those stats significantly in the last 5 decades. This is why a lot of Millenials and GenZ are investigating immigrating from the US. They could possibly get more bang for their 'labor buck' in other countries.
@@ryanwilloughby7574I don’t think he’s dismissing pessimism but he is minimising real issues. The car analogy was ridiculous because it doesn’t take into account manufacturing efficiency or economies of scale. He’s a very smart guy, not that smart though 🤷🏾♂️
3:48 I absolutely love Mike Israetel, have been listening to him for YEARS, but he seems to have completely forgotten about inflation until Chris brought it up 😂. Yeah, obviously people get paid more per hour now, but the purchasing power is ABYSMAL vs the 70s. Back then a waitress could buy a house. Now it's impossible. Back then, being able to go to a good college was affordable. Now impossible.
Stick to hypertrophy, with all due respect lol
You're forgetting any and all variables which was the point. You don't compare the purchases of the 70s to 2020 as a 1:1 comparison because they are not the same. A dogshit house from the 70s that doesn't have the build quality, size or anything else of a modern house, is not comparable. You are paying more, yes, but you are getting more too. Just try to think about all the cool shit your house has today, nearly all of that didn't exist back then. People love to talk about purchasing power and then make the comparison with the days of old but they forgo everything else. That's not a fair comparison. Do you think if we could have tech 100 years from the future, would it be kinda cheap or really expensive since nothing like that exists in today's world?
@@wowandrss ...except I'm talking about the exact same dog shit house from the 70s, not a new one (like is the case with a car). In fact, I'm talking about a house that is now run down and worse than it was new, and yet costs way WAY more. Back in the day you could buy that house in a much better condition (or new), as a married couple earning minimum wage, and now that's impossible to do (for the exact same dog shit house previously bought with a low wage job). Depending on where you live, you can't even afford a shack. Your logic only applies to cars, phones, TVs, and tech in general, but definitely NOT homes, which is by far the biggest expense for almost everyone...
@@wowandrsswe are buying and selling the same houses. Except now they’re valued 5x as much.
He absolutely accounted for inflation with his "how much stuff can you by with your salary" metric or whatever it was.
LITERALY washing my dish while listening to this and laughing out loud on my own AND I do very much dislike this task. Podcasts makes it worth my time. Love you dr. mike❤
If you're a person that finds happiness helping people then you are very likely already doing that and feeling happy about it, before getting rich. And you will likely continue if you got rich, but probably feel less happy because people will expect you to give them more and more and they will be less and less grateful.
The happiness studies that say 70-90K are old. Today the point of diminishing returns is close to 120K.
Yeah in some places (the Bay Area, for example), making less than $100,000 per year is considered to be below the poverty line, so $70K would definitely not be enough for most people…
@@moviecats_ Most people don't live in the bay area...
@@rogerteaminski6351 Yeah true, it's way too expensive 😩
And I would add that the differences found in the studies between like 50K and 120K also aren't that big. And even going from 15K to 250K tended to make people on average 5 points happier on a 100 point scale (Killingsworth & Kahneman, 2023) I do think we may need some more research on the effects of how we spend on our money on our wellbeing
Shocked this doesnt have a million views. Dr. Mike is the best! He's right about menial jobs. I worked as a greenskeeper at a country club and I felt amazing when Id be in the middle of the course working while nobody was around. It was just me, the mower, and some good tunes. Oh and maybe some cannabis. Maybe. If you are naturally creative, its very easy to get a mindset to almost enjoy the things most people hate especially if you can have some music playing.
When he speaks on pessimism I think about how we appreciate and give value to objects and how our “pessimism” comes from the inflated value of things that come from a system of skill-less manufacturing for a supply chain that may no longer be serving us but instead the illusion of value and sustenance as it slowly depreciates overtime for us to never realize until the bubble burst where the things we value are so hollow of Value and purpose that everything fails.
what are you even talking about?
Fantastic episode!
It blew my mind to hear both Alex Hormozi & Destiny mentioned; together with Dr. Mike, those are pretty much my absolute favorite people online.
Chris is doing an incredible job; this is quickly becoming one of the best podcasts out there. Keep it up!
For god sake Chris! Housing is now 5 times more expensive than the early 80s. 1 decent income could afford a decent 3 bedroom house. This was painful and came across as an apologist for the regime. You can do without some deflated chinese manufactured consumer goods but you can't live without a home. Don't lose your tether to reality in Texas.
I've never once seen Chris smile or laugh like this so that was unique to watch alone. He seems to always smolder and try to be the pretty boy who's serious, but this brought more humanity to his show.
agreed...Mike brought the funny back and forth banter out in him and he seems comfortable for once
@@tone3560 Comfortable. Yeah. That's what it was!
Even though I love Mike's fitness/ bodybuilding content, I'm glad that was never a topic in this podcast!
Two of my absolutely favorite public people. Dr. Mike is the man and very excited to hear him NOT talk about Hypertrophy, dieting, and body building.
Oh and BTW Chris I would also love to see Dr. Mike back to also talk about Hypertrophy and all of the topics within his set of domains of expertise.
I keep telling everyone, no, money DOES NOT BUY HAPPINESS, NOT BEING POOR DOES. Not worrying about your bills, not worrying about where your next meal comes from, having a stable roof over your head, THESE all contribute to happiness overall, but you fucking need money to get it…
If you’ve never grown up poor, you have no fucking clue the value of money, and how to survive its absence…
@@CONEHEADDK it’s not, but thank you very much for the well wishing. It’s even worse being alone and poor…
@@donspafford414 Oh man. To bad.. I'm in the same situation, so I KNOW what you feel. Not "just" "understand", as most "that do" actually don't have a clue about. I'm writing a book about how I "ended" here, even though I was the best in class, better than most at "draft" aso (not MY words - teachers, classmares and top brass). It MIGHT be an idea for you - I bet you could crowd fund the few "bucks", it takes, to get it published.. I can get a hard cover of about 100-150 pages done for about 3 bucks each at 2.000 items.. AND then I (you) become "an author", and people will see an idea in using me to come and hold inspirational speeches aso.. I suggest "Are you depressed? Or low in the dominece hierarchy" with Jordan peterson and "Life at the bottom" with some Dareumple or something like that.. Vidoes - so you can listen while doing dishes, drawing w*nking or whatever.. "No matter" how close ypu are to dieing, it helps to fight a bit back (parts of the brain you activate - science -not my ideas) AND - unless you are ugly as hell, IF you can motivate some balls, ladies (if that's your thing) WILL like you.. I'm small, have always been oor, but I'm nice and smart, and I have NEVER had problems scoring beautfil babes.. Usually a lot younger than me.. Women want winners - go win something.. Winner want men with potential - go flash some potential.. No matter what - DON'T GIVE UP - and don't sit back and watch time pas by I'm sure you have done that at times - the first video I suggested expalins why.. It's short - WATCH IT NOW.!!! Hell is descraíbed as a bottomless black hole, bcz not matter how bad it is, it can always become worse.. I suggest you try to stabilze, and then creating steps up from your current - CURRENT - HOLE.. aT LEAST YOU HAD THA BALLS TO BE HONEST HERE - AND IT RESULTED IN my motivational speech - the world is FULL of good people, and if you are honest, some will offer you help.. TAKE IT - just as it makes you feel good helping others, other feel good from being allowed to help you.. DON't Take that opertuinty from them.. And DON'T waste your time.. At least make sure, when you go to bed at night (in the morning I bet) you have tried to make your life a bit better than it was, when you got up.. I bet, you would say the same, as I just have said to you, if your were to talk to someone in your situation.. AS JP also says: "Treat your self as someone you love".. "Just" do it.. AND - when you fail_ F*CK it - everybody does.. Once youøre finnished bitching over it, get back on the horse.. You can - IF you want it.. You KNOW; that I'm right.. ;) My book goes to the printer in a week - we regret things, at least regret something, that helped you or someone else... :)
This.
It CAN buy you something, that you probably can't see the difference. BUT - that's NOT the important part. The important part is, that LACK of money almost GUARANTEES unhapiness and stress... Rich changes much less than poor..!!!!!!!!!! Trust me - I AM POOR, and my life suuuucks.......
You still poor man?
Most anticipated guest! So nice to hear mikes takes on these topics. Just a walking brain, a jacked one that is😄
I’m a BIG fan of Dr. Mike and I consume his content almost daily yet I’m relieved that you gave him some pushback in response to his opinions on porn. I think he underestimates and is a bit nonchalant to the negative impact it has on a lot of individuals, particularly men. Porn is easily accessible, content enriched, and dopaminergic. It’s free cocaine. Perhaps some of the claims against it are baseless but I think the rationale is valid. It’s time wasted and you’re sacrificing and diseensentivizing yourself from pursuing the real thing in exchange for a false reality. You’d rather avoid rejection and the effort it takes to put yourself together to attract someone in exchange for the safety net of mindlessly getting yourself off like a chimpanzee. I don’t see much value there. Love y’all both and keep up the great work!
Mike kind of has a problem where he understands that many people don’t have the willpower he does and might have things out of their control (genetics, hormones, what ever)… yet that only applies when needed.
Personally, I think porn isn’t the only problem but it is definitely helps aid the overall problem.
I think Chris quoted some statistic where Gen Z most women want men to make the first move. At least 50% of men are in fear of making the first move for fear of being called a creep. Then on top of that most men and women agree that a man approaching a woman is creepy in any circumstances.
So many mixed signals there along with so many other things going on that we could talk about for hours that porn is just easy to get some semblance of what you want with ease and no headaches and panic.
@ch-yq5ynget out of here troll.
I think part of Dr Mike's bias is that he is "libertarian." So he's going to be more open to everyone being free to do what they want and it's essentially on them to make the decisions that are best for their lives. Which sounds very nice on the face but, like with porn, people often don't.
Not to mention today's kids who are often exposed to tons of porn way before they ever experience the real thing. I have a really hard time imagining that training your brain to get off on something that is completely unrealistic and manipulated in every possible way to maximize stimulus is not going to mess with your real sex life and relationships.
So let's use the UK and 1986 ,why because this is my experience. My first house was £60k and my salary was my age because I used to play a game with my siblings about who was paid their age. We played the 30 by 30 game. University was grant based but was only 15%. So today university is 40% but at least £15k a year. The same house is £400k and starting graduate salaries are about double so £60k by 30. So much better?
Yeah, he’s doing a great job of BSing with his claims about income vs inflation.
Median income went up significantly in terms of raw numerical value, but the value of our money went down significantly, too.
An aspect of finance I know well would be stringed musical instruments. Non-collectible guitars, ones that should essentially only ever depreciate in value, like cars, made in foreign countries, that were $600 a decade ago are generally $1000 today. My first American-made guitar cost me $450+tax brand new in 2014 (Gibson SG Junior/SGJ14). The current closest equivalent to that model currently costs $1299+tax (Gibson SG Tribute).
Crucial electric guitar components, called pickups, used to be around $70 for an American-made one, new. They’re generally over $100 now.
Also ignored Greedflation. Remember when grocery prices went up after the stimulus payments went out?
@@ZacksRockingLifestyleyup. I love Dr. Mike for his fitness content and humour. But he's a Randian capitalist and I couldn't disagree with his politics more, lol
@@BrofUJu something I notice is that when people become an expert in one field, they often begin to believe they’re an expert in other fields. It’s especially common among entrepreneurs, because there’s often a belief that wealth makes right, similarly to “might makes right.”
Also, “dunning-kruger effect.”
This guy is just factually incorrect… average bricklayer (a job that has not changed one bit) in 1970 was paid $13,416 in the USA. Now they are paid $47,603 in the USA. A house costed $23,400 or 1.7 years of wages (fed interest rate 5.13%) now a house costs 436,800 or 9.2 years or wages (fed interest rate 5.25%). Cost more for a deposit today than an entire house in 1970. Toyota corona car in 1970 was $1,950 or 2.5 months of wages. Toyota Corolla today is $24,280 or six months of wages. Average four year degree at an in state public college was $1,238 or 1 months wages and same degree now is $104,108 or 2.23 years worth of wages. Loaf of bread was 25 cents which a bricklayer could buy 26 loaves with his hourly rate now bread is $1.95 and a bricklayer could only buy 12 loaves with his hourly rate. Literally everything is more expensive in terms of what your wages can buy now except for things that were relatively new inventions like TVs back then. This guy is literally lying to you. He had some points but his economics and AI stuff is waaaayyyyy off.
Lot of variables go into that like where you live and such (which I don’t know where you live in the UK).
If you live in a city they almost always have regulations that up costs which up value. Also as people keep building and there is less land and real-estate then cost goes up because supply is down.
Here in the states is a good example. It all depends on where you live. Highly dense areas like your big cities the price per square foot is atrocious because of government regulations and there is no space (or in California people are building on the sides of mountains which cost more). In the state I live in even in the city decent to high end $400,000 new build gets you 1,800 square feet with 3 stall garage and a nice little bit of land where that might get you a dumpy apartment downtown LA.
Kind of like the guy below posting about the brick layer in the US. The house he’s talking about is a fraction of the house in talking about and he said it inflated to and AT best that 1970s house here is currently selling for less than $200,000 (and that’s real numbers… not internet numbers)… not $430,000.
That’s the problem with all of this talk. It is so highly variable that just regular “internet stats” don’t cut it…
Then at the same time some examples… especially universities do not follow economics and have a lot of government involvement.
Just not a one size fits all for “this is the way it is” or “that is the way it is.”
As an economic and philosopher he is a great personal trainer. His thoughts on AI, p0rn and econômics are below Common Sense...
Can you recommend some reading material for the purpose of expanding ones knowledge and understanding of economics beyond dr mike “bellow common sense level thought”?
Thank you in advance mr or mrs economist/ philosopher.
@@coachjay9683 Look at the work of Robert M. Sapolsky.
Author and professor at Stanford University.
Not economics , but he can
lecture for hours , from memory .
TH-cam: Stanford lectures.
You just gained a subscriber for having Mike on!
This is the best podcast I have ever heard 😂. Great advice do things fully aware 😊
our purchasing power HAS decreased. Average mortgage is longer than ever. Average car loan is longer than ever. Average payback period for educational loans is higher than ever. How about that 5 minutes of googling? resource extraction is more efficient than ever, factories are more efficient than ever and our products are more efficient than ever. If it takes less human labor to make the major 2 purchases Americans make: house and car, why are people having to work longer for them? Oh, how about this one: life expectancy in the US is decreasing. y'all know all sorts of civilizations collapsed, right? financial trickery is often involved.
Dr. Mike is such an awesome dude!
I'm always thrown by his brilliance 😂
Exercise is great at dispelling this. Take a good plan, apply some effort, and things will improve. It is possible to make things better.
There’s a reason dr mike is an expert in fitness, health and martial arts not in sociology, Psychology and economy. I still love him though.
Spot on
Why is dr mike talking about economics and money 😂😂😂 He's literally known for fitness
You’re 100% right
Agreed! I went from nodding in agreement to peeling my surprised eyebrows off the ceiling in the last 30 minutes 😂
@@andreahelm7981 sounds about a right reaction 😃🤔🤨😳🫣😰 the sequence
This guy is entertaining as all hell but jesus christ is his socio-economics and AI takes so far off it's damn near a comedy special. He's like the smartest meathead in the gym who drank the kool-aid about his interests to create a blast-first philosophy of life.
Mr. Israetel goes on about people creating feeling based ad-hoc/post-hoc rationalizations for their beliefs and then proceeds to rant hilariously in the exact same vein.
Chris, your composure is manly as all hell. Like Aragorn manly. I commend you, brotha.
I was laughing in my car at some of the outrageous claims
This guy is just factually incorrect… average bricklayer (a job that has not changed one bit) in 1970 was paid $13,416 in the USA. Now they are paid $47,603 in the USA. A house costed $23,400 or 1.7 years of wages (fed interest rate 5.13%) now a house costs 436,800 or 9.2 years or wages (fed interest rate 5.25%). Cost more for a deposit today than an entire house in 1970. Toyota corona car in 1970 was $1,950 or 2.5 months of wages. Toyota Corolla today is $24,280 or six months of wages. Average four year degree at an in state public college was $1,238 or 1 months wages and same degree now is $104,108 or 2.23 years worth of wages. Loaf of bread was 25 cents which a bricklayer could buy 26 loaves with his hourly rate now bread is $1.95 and a bricklayer could only buy 12 loaves with his hourly rate. Literally everything is more expensive in terms of what your wages can buy now except for things that were relatively new inventions like TVs back then. This guy is literally lying to you. He had some points but his economics and AI stuff is waaaayyyyy off.
@@lachlanmcvey7885his is where the problem lies and truthfully it goes right into what Mike was saying. I don’t think he is right on everything but there is so much discrepancy in your numbers and what applies to the real world… also sooooooo many more variables.
Starting off at the beginning with the bricklayer example. Things were a lot more unionized back then which usually equates to better wages and benefits by comparison (not universally true though). In the state I live in… and this is my reference for my whole post… is in the bottom half of population and cost of living (so more affordable and less people… and they’re pretty consistent with each other on the ranking). The average UNION brick layer… and many work in the winter still would make $72,800 gross on a 40 hour week for all 52 weeks. On top of that, because at least here they do it different and I don’t know if helps cut out taxes but your benefit package is taken BEFORE as a separate line item. So for example they make $35 an hour on the check but in addition to that they have roughly a $21 an hour benefit package that covers retirement, insurance (that is a flat rate but covers family if you have one with no additional cost but it’s expensive to begin with and you can’t opt out, union dues and some other stuff). So they make roughly $56 an hour in total. Non-union… which is wide ranging from large commercial companies, to mom and pop small companies and everything in-between and the other variables of non-documented workers could range anywhere from $10-$35 an hour (that I’ve heard of here) but any possible benefits (if they even give them as an option) are TAKEN OUT of that gross. So in construction, ironically enough, it’s actually the larger companies that give out the much higher wages (there’s not any small union companies around here and the larger non-unions are the one giving out those other bigger dollar amounts) and smaller companies abusing their worker’s wage wise.
That is an extremely large discrepancy from the numbers that you gave and I do understand that those lower wage people drive that average down. However, also, in the same token this transfers over to larger states where I know union workers their are making at least $10 more an hour on the check. So some of that falls on the workers for not doing any research or not wanting to be responsible to find better pay in the same field with basically no additional requirements (they allow people to buy in as a journeyman if they have experience and if they don’t you go through an apprenticeship where you get certain percent of wages and full benefits). Which one of those things Mike gave is how much working conditions are better over all and benefits are much better over all.
Housing is also a horrible example. For one reason being that rates are completely variable. You give the 5%-ish which I think the national average is closer to 7%. However, if you used a handful of years ago it was in the 2% or so. If you go back 40 years or more 14-16% was the normal. Also, what house you’re getting for the money is a massive variable. The example you gave is that house now a days equals $400,000+ house. In 1970 they had more than likely single story slabs (some definitely had upstairs depending on the part of town but many that are in town that I don’t think even have a basement and only a 1 stall garage or might of been a car port before turned into a garage and not a lot of square footage and all chopped up) and they are all around the city I live in. I know this very well because we are in the process of house hunting/building and $430,000+ house around here BUILDING (which is less bang for you buck and we’re also talking about in one of the larger cities in this state which is less bang for your buck) will usually have an unfinished basement but it is studded out with electrical and plumbing ran in the basement will get you a 1,800 sq ft upstairs with a 3 stall garage, large open floor plan with plenty of cabinet space, pantry, large kitchen, stone tops 3 bed room 2.5 bath (talking large master bath with walk in closets) and yada yada yada on a .3 to .5 acre of land. Doesn’t even count all the normal things people take for-granted like central heating and cooling and such. It’s almost even apples to oranges comparison because it’s so drastically different.
Again, understanding that national averages skew things and large cities are a major problem because regulations and permits are outrageous there and drive up durations if building and raise costs to astronomical levels for what you are getting. Everyone knows the sad reality of basically renting an oversized closet in New York is $1,500 a month. However, that is again a people problem for regulating themselves in small areas and letting their local and state governments do that to them.
The loaf of bread thing is another bad example. The rate of bread is completely varied. Depending on websites you can see bread be anywhere from $.25 to all the way up to $.70 per loaf. So it could go anywhere if 26 loafs an hour all the way down to about 9 loafs and there wasn’t many choices (it’s basically white loaf). Now a days… again… depending on where you’re at and using YOUR wage number (which doesn’t help exclude people abusing their worker’s wages) around here that generic white loaf is only about $1. So that’s 22.5 loafs using the wage you gave. It’s all the difference choices of bread that change the price (enriched white, artisan, 150 seed and so on and so forth).
Could go down the list with the cars as well where just like Mike said the quality of the car is objectively better and more advanced. Then also depending on the wage discrepancy between what you citied in the internet and real numbers of someone looking out for themselves even a little bit so the don’t get wages gouged it’s only 3 months using your car numbers for something that has electric windows, all sorts of safety features, much better electrical (dashboard, speakers and otherwise), more fuel efficient and what not.
The long and short is the data simply does not support what you are saying and in addition it removes all sorts of variables including quality of goods and services.
It’s not a universal truth but applies majority of the time… and like I said before data doesn’t do the best job of removing people abusing wage workers and more dense areas jacking up prices of everything. It almost has to be done on an area by area basis.
I DO think that doubling the workforce (women in the work force… not talking about if them being in the work force is a good or bad thing) slowed the potential rate of wage growth because of basic economic law how could it not.
However, I think most of the plight of average people is their lack of wanting to put in dedication to their work and wonder why they don’t see financial results they desire… coupled with excess disposable spending. While I’m in commercial construction as a worker and can afford a $350,000+ house in the state I live in (which again… is a crazy nice house), own 2 cars of my own, have wife and child, pay all the bills myself, have all sorts of disposable spending money, on track to comfortably retire at 55 or sooner and yada yada yada… most of my coworkers between beer, cigarettes, eating out at least 3 times a day and so on and so forth spend almost HALF of their daily net just in that and they’re renting small places and driving shit vehicles. There’s the stereotypes about “getting my Starbucks” or “latte every day” and “Jimmy John’s for lunch.” Amazon packages coming every day. Don’t send your wife to Target because she goes for groceries and comes back 2 hours later $400 worth of stuff and only half the things she actually went there for. Those are all real for a reason. It’s easier to part people with their money on useless disposable things where before people were more intentional and had more purpose with their money. Which give the illusion of un-affordability.
PS - I forgot universities but again that is highly government regulated and you see smaller universities with astronomically lower prices compared to big name ones for the same degree or sometimes better because they don’t have as much useless prerequisite crap.
Yep, precisely
@@amorfati4927 goated response. I think people often look at numbers and choose to freak out and lose confidence and for the normal people that does nobody any good. Especially when you look and realize how high the quality of living is for so many people in the US.
Dang, I love Dr. Mike's exercise content and came away thinking I disagreed with him so much on many other issues.
I agree with you 💯. Just look at the variety of people who are successful in their career field such as Dr. Mike, who I have learned a lot from concerning resistance training topics btw, only to learn that they feel
quite comfortable pontificating on a variety of subjects with the most wildly regressive positions, or at least they represent such limited views in their comprehension of the world.
Agree 100%. Big fan of his exercise content, but he’s so wrong on so many other topics.
same happened to me
I think it's fine to come to a disagreement with his ideas, even if you admire something else from his work. Nobody can be good or smart at everything.
He's not a terrible person, just not a very well informed one outside of sports science. It is what it is.
I've never heard of Dr. Mike before, but judging by the comments, he's a well-liked individual. Be that as it may, he's very much wrong about some of what he's saying. For example, he entirely misses the point about inflation. He says that "...almost no analysis, even in formal economics, integrates the quality of goods because it's phenomenally difficult to quantify." 1) There are COUNTLESS studies that attempt to control for the quality of goods. They're called hedonic adjustments, and you can't take a macroeconomics course without hearing about them dozens of times. In fact, the CPI, the very measure of inflation that we all use (for better or worse) is calculated using A LOT of hedonic adjustments. Yes, they can be difficult to quantify, but that doesn’t really matter because --> 2) It's not the quality of goods that matters to people when they can't afford things like transportation. In 1971, the average new car ate away about 33% of a year's pay. Today it's about 80%. Are today's cars safer? Of course. More fuel efficient? You bet. More comfortable to drive? Without a doubt. But what good are all those features if you're priced out of owning a car?
He makes similar errors in logic with wage stagnation and total compensation (made all the more troubling by the fact that this podcast opens with a foray into logical fallacies). Having a portion of your daycare covered (something very few companies offer) is nice, but 50 years ago that wouldn’t have even been an expense most people had. Same with healthcare coverage. Many of us have employer-sponsored healthcare, which is great. But even if our premiums are covered, we still end up forking over several thousand dollars a year for copays, coinsurance, deductibles, and prescription drug costs.
I would encourage everyone to do a little research on what he says. Perhaps you'll reach some of the same conclusions he does, but I wouldn’t bet on it. Cheers!
Damn that was a great podcast! I knew Dr. Mike was brilliant, but wow! I'll have to kick this out to some folks. Thank you!
The argument against money buying happiness is moreso an argument of dminishing returns. I.e. its better to be home at 5 every night and have weekends off to spend with your wife and children vs working all the time to give them a bigger mcmansion and nicer vacations.
holy shit. i didnt watch this right away because i thought it was gonna be mostly about lifting. did not know mike went into these topics, would love to hear more
Sounds like Mike has a whole lot of strong feelings about the feelings that other people may or may not have...
That they almost certainly have ...
And how do you feel about that?
About common behaviors that are detrimental to their happiness, yes. He likes to help people and make people enjoy their lives more.
First step is recognizing there's issues, second is discussing what could be done about it.
oh my... whatever just happened here on this podcast, just redefined "intellectual conversation". I am better, in so many ways for having watched this. While I am a few steps behind in intellect and lack the ability to articulate my view points, and lack of course the ability to recall facts and studies, I felt so much of what goes on in my head, was sorted out and arranged in way, that I've unlocked my own "next level of wisdom". Well done gentleman.
I'm really glad you got a lot out of it! - Dr. Mike
If my math is right, OP’s comment is BS. This is a two hour conversation, and OP’s comment was posted three hours ago, within minutes of the video’s posting. OP could not have watched the whole video to have such an incredible takeaway within only minutes of posting. It also seems to be the only comment, thus far at the time of my comment here, that got a reply comment from Dr Mike.
Smells like sh*t to me.
@@ZacksRockingLifestyle lol sometimes "Shit" is Great Fertilizer very necessary for growth even though it smells bad. I did indeed watch the full conversation. I do suggest that YT is a wonderful manipulator related to which posts get seen and how often. Keep asking questions my friend.
@@RenaissancePeriodization Dr Mike, median income went up significantly in terms of raw numerical value, but the value of our money went down significantly, too.
I’d like to present some data (and some concepts) to see if any of it helps to modify your opinions:
An aspect of business and finance history I know well would be stringed musical instruments. Non-collectible guitars, ones that should essentially only ever depreciate in value, like cars, made in foreign countries, that were $600 a decade ago are generally $1000 today. A specific example I can name from memory would be the Schecter Guitar Research Hellraiser C-1FR model. Around ten years ago, that model cost about $749+tax, currently, that same model is now $1,099+tax. Another example would be that my first American-made guitar cost me $450+tax brand new in 2014 (Gibson SG Junior/SGJ14). The current closest equivalent to that model currently costs $1299+tax (Gibson SG Tribute). I could give more examples of guitars, specifically if you’d like.
Crucial electric guitar components, called pickups, about ten years ago, used to be around $70-80 for an American-made one, new. They’re generally over $100 currently.
And then let’s get into homes. My childhood home is located in a low-income, high-poverty area, and was appraised at around $150,000 when my parents divorced 12/13 years ago. With little work added to the house, the current Zillow estimate is now over $200,000. How many homes are you aware of that have lost value without being damaged, excluding pre-fab/mobile “homes”? I can’t recall seeing any (fixed-position) homes lose value lately unless they’ve been destroyed or burnt, but I’m no realtor.
There’s also about twice as many dollars in circulation, now, as there were pre-covid. I could provide a specific source for that, if you’d like, but I find that would be like asking my source for saying “Elvis sang “Ain’t Nothin’ But A Hound Dog.”
Next, are you familiar with the concept of wealth flow, and how, if correct, it explains why when the poor are given money, the rich and corporations are generally the ones that end up with it?
Finally, job creation, as a concept, isn’t inherently small business creation. When individual people can create a job for themself, a small business, then they can create jobs for others so that they can expand. Competition, and the expansion of competitors, however, is a business sin, and smart business owners generally act to make business creation and growth (competition) harder.
If I was pressed to make an assumption, Dr Mike, I would say that I assume you have some beliefs about greed and human motivation that don’t play out in reality. Feelings, when used correctly, can help us along our path to finding facts, so I’d love to know where, if anywhere, my presented feelings and presented data conflict with fact/reality.
Thanks,
Zack
@@wojohowitz5432That was remarkably honest of you.
Agreed. I understand the value of comments, engagement, and traction within this (and most) platform(s).
Perhaps I would have been more accurate to say you couldn’t have watched the whole podcast prior to posting your comment without some sort of behind-the-scenes action?
Agreed as well about asking questions. Critical thought is something to be fostered and not rejected, at least I’ve been led to believe.
Inflation is the weapon to restraint wealth in common working people. That would been the natural way ..in this expansive reality we live in. all is constantly growing.
A really interesting thing to think about is how you can integrate the idea of pessimism fallacy and the regulations. When you say less regulations a lot of people will say something like “stairwells will collapse/people will abuse each other” and these type of responses usually come from a pessimistic point of view
This is such a phenomenal episode. Love Mike
Dr Mike is comedic genius fitness guru 🤗
I don't know why, but Mike's frequency of discussing money vs. happiness on random podcasts coincides with internal releases of one of my company's software tools. The feeling of deja vu is extremely creepy, and definitely impacts my level of happiness independent to money.
This guy is just factually incorrect… average bricklayer (a job that has not changed one bit) in 1970 was paid $13,416 in the USA. Now they are paid $47,603 in the USA. A house costed $23,400 or 1.7 years of wages (fed interest rate 5.13%) now a house costs 436,800 or 9.2 years or wages (fed interest rate 5.25%). Cost more for a deposit today than an entire house in 1970. Toyota corona car in 1970 was $1,950 or 2.5 months of wages. Toyota Corolla today is $24,280 or six months of wages. Average four year degree at an in state public college was $1,238 or 1 months wages and same degree now is $104,108 or 2.23 years worth of wages. Loaf of bread was 25 cents which a bricklayer could buy 26 loaves with his hourly rate now bread is $1.95 and a bricklayer could only buy 12 loaves with his hourly rate. Literally everything is more expensive in terms of what your wages can buy now except for things that were relatively new inventions like TVs back then. This guy is literally lying to you. He had some points but his economics and AI stuff is waaaayyyyy off.
U gotta listen to what he’s saying brother. He addressed your exact point in the beginning of the podcast.
One of the points is that these are not actually comparable things. E.g. Toyota corolla now is hybrid vehicle with little emissions, little fuel consumtion, comfortable, safe, air-conditioned, fast etc. If you would want vehicle exactly like that in the past that would cost you 10 or 100 times more. Probably even if you were a millionaire you wouldn't be able to afford exactly like that qualities of a car. So actually you are comparing not the same thing.
@@aleksandr8809 Bricklaying is directly comparable, bread is directly comparable, housing is directly comparable. Yes the car is not exactly directly comparable because modern cars are better, that said, cars should be cheaper just like TVs and air travel because the technology is older and should become cheaper over time. People’s lives should become better over time due to technological and productivity gains. Something is very wrong if life is becoming harder. For an example the average person living in the renaissance should have had a better life than someone in the dark ages. Something is wrong if life gets worse for the next generation.
I needed almost every point made on this podcast
Outstanding. Dr Mike for President 2024.
Excellent episode! I especially like how he challenged Chris fears about population collapse, which I also think is a much smaller issue than many other guests have made it out to be. It was also refreshing to hear his takes on money and happiness. I appreciate how he has a nuanced take on it, and isn't afraid to criticize both the left and the right.
It's probably the greatest threat to your standard of living
@@fpenman It might be, but I don't think it is. With a smaller working population, productivity needs to increase. As it has been doing for hundreds of years. AI is only going to increase it more.
As a podcaster, I love this guy's chair. It's not a typical framing for an interview at all, but the dude is hella comfortable!
Really interesting perspective. As a freedom loving individual some thought provoking dialogue with a jabbing to the ribcage.
AI does need to flourish in a western civilization but as far as a meaningful relationship with no other human companionship that seems too dystopian.
I didn't even know how much I like Mike! So eloquent and ridiculous. Perfect combination.
I used to believe everything Dr Mike said on his channel, but having seen some of his crazy takes towards the end of this podcast, I’m starting to doubt the validity of his advice.
Particularly the porn and AI takes.
If you doubt the validity of someone’s advice due to them having some crazy takes and run on this mentality as a form of representation in how they give advice as a whole, some work may need to be done in the individual’s part.
@@alyxfaust5663 I will still follow his general workout advice but makes me wonder what percentage of his “Bullshit” series is actually just his opinions rather than science-backed data.
@@elliotg25 Good take to have, I’m all for critical thinking.
This might have been one of my fav pods of yours. I've only known of Dr Mike from other fitness related channels and I had no idea how far his interests went.
Your synergy is insane.
Also, I'd be remissed not to congratulate you on 1M. Your toxic positivity, is contagious. And for that I'm more than grateful.
Hell yea! Been following Mike for a decade for his weight lifting /body building wisdom!
Not sure if I'm misunderstanding Mike but I think he's saying that if you provide value, you are compensated with money. I disagree.
If you convince someone through marketing and sales that you are providing them value, THEN you are compensated with money. That's how scams work and that's how the best products/services may not necessarily be the ones that are paid for the most popular.
Also, 'value' is based on emotion. I may pay for a cheeseburger but it may not necessarily be the best for me long term. Same thing with many vices.
Are the richest people scammers tho? I'm pretty sure people don't use iphones because they got scammed. They use them because they work extremely well. Same for driving Teslas etc
@@BusterBossJR firstly, I don't think the point about money was only made about richest people. We should be looking at all exchange of money.
Secondly, buying an iPhone or a Tesla is an emotional decision. Sales 101 is creating an emotional desire to buy that thing. Yes, buying an iPhone can be considered bringing happiness or convenience but there can be negative effects of smartphones too. Same with junk food, same with only fans/P**n. The impulsive decision to purchase something based on enjoying it isn't representative of if that purchase will have a positive impact on that person long-term. You are buying the short term perceived impact the purchase will have on your life, not its actual value or long term value.
@@gregfields011 All the things you mentioned are overwhelmingly good things that are only bad consumed in excess. Yes iphones can be bad but that's up to how each individual chooses to use it. Most people just use it for contacting people, keeping up to date with friends, some work and entertainment. Not mindless scrolling 24/7. Same with junk food etc. I wouldn't call it an emotional decision always.
Sometimes yeah like picking up your phone and scrolling the second you wake up in the morning is emotional. But buying a gadget that can help you communicate easily, research any topic on earth and have entertainment in your pocket isn't such an emotional thing. It's more a logical purchase.
@@BusterBossJRthe fact that bad PTs can market to their audience with their body fake natty body without knowing anything about science based training is evidence that we do not base our decisions purely on logic.
Marketing and sales can make or break a business. You can have the best product or service in the world but if you don't convince people emotionally with good advertising and sales, you will not get any sales.
If you learn about high ticket sales, the primary thing you need to do to sell is invoke emotions within your prospect.
To your point about overconsumption, I think what you're pointing out is these things are only conditionally 'good', not objectively good. If someone is addicted to smoking, the logical decision is not to buy cigarettes, yet emotionally they are compelled to do so.
If you say that something is good but only if they use it in a certain way, then are we really talking about something that is valuable? You can say that about anything, dr**s, cigarettes, lottery, po**ography. I just don't think people are making logical decisions when purchasing these in general. They are emotionally compelled to.
My favourite episode to date. LOVE Mike
Dr Mike is currently like my favorite person. Great talk!
*Dr Mike is the man*
Pessimism is the best philosophy: Arthur Schopenhauer, Stoicism, the Cynics, the skeptics, the book of Ecclesiastes, all the great Russian writers ( Dostoevsky, Tolstoy, Chekov), Thomas Hardy, Faulkner, etc.
Many philosophical pessimists are quite cheerful.
Got to the AI part of this and this guy is a supervillain
You’re just less intelligent
100%
Didn’t even get there, this guy is full of shit, but most importantly full of himself…some kind of F-up cult leader.
Pseudo intellectual with contrived substance. These guys appeal to the amateurs
@@ME-nv9ccSounds like you tbh
I do think money has been shown to bring happiness, but I don't think the happiness is from buying "stuff." I think that is a lie that keeps a lot of people poor. What's awesome is having enough money to buy your own house, pay for the wedding you want, and not have to keep the job you don't like because you have debts.
Wow, so impressed by this podcast and this man. Thank you for the podcast 💪
Dr Mike is funny af but I did not think that he has also a lot of knowledge apart from his field. Great convo.
The reality is. It doesn't matter how bad things seem or even are. This is the only time and opportunity that you have to make things work.
"We're gasping in a sea of stupidity" Truth...
The Sam Bankman-Fried bit was hilarious 😂
The comedy duo I didn't know I was missing 👌😂
Damn. This one is another banger! Thanks Chris! Amazing interview!🎉😊
Great talk, even though there are a few things I disagree with. I firmly believe money can be used to buy comfort but not happiness, and most people don't see the difference between the two. As far as happiness goes, it's nothing more than a matter of perspective. I've met dirt poor people who were incredibly happy as well as financially highly successful ones who were miserable. One other point that stood out is the one that if you're making money then you're somehow adding value to society. Does anyone honestly believe that people who are in charge of increasing sales for let's say any kind of sugary beverages (there are many other worse examples than marketing folks but I have a beef with them because consumerism) make the society better in any way? If anything, they are making it worse.
I love and rescpect Mike more than anyone here and i am willing to be challenged on that. But I dont know the last time he worked an entry level job while paying for a place to stay, pay for food, gas, car insurance to legally drive, car repairs and a gym membership. Because at the moment it is required to drop 1 and I'm not skipping the gym
Shout out to Dr. Mike!
Woooo! Heard! - Dr. Mike
I am new to Mike . Love him . I almost didn’t recognize him here. Damn what a year can do to his size.
If someone who has money says it doesn't buy happiness then why are they chasing more? If someone without money says it doesn't buy happiness then why even listen to them in the first place?
There are more reasons than happiness to chase money
the thumbnail got me into a 5 hour edging session
what Mike was saying about AI in the end reminded me of the supercomputer in hitchhiker's guide to the galaxy
He would do well to study the change over time in the average Pay Out Ratio for top listed firms on the S&P500.
Some today have higher than 100%, where in Japan the average is 50%.
The 50% figure was more reflective of US firms pre 1973.
I wonder where all that delta in that Pay Out Ratio has gone from and into what.
It’s gone from wages, pensions, development to equity shareholders.
This segment needs an economists rebuttal!!!
I was expecting this episode to be about getting swole or something of that nature. Boy was I wrong haha.
Super interesting convo lads.
I know the key for this. And that is to use optimism to maximize will power. With sufficient will power you can get fairly far without triyng very hard, wether it comes to fitness, being financially stable, finding and maintaining a great partner and so on. Now of course that dosen't mean you go blind into those things, but mistakes are unavoidable. The only mistakes that are avoidable is the few that set you back a lot, rest of the mistakes are mostly unavoidable. Haven't watched the entire vid, so idk if dr. Mike touched on this or not, but from my personal expirence this is it. Without will power you can't achive anything, so that also means that you use that will power on the right things, and you sleep nice and early, so you can wake up early with that spike of testosterone that will give you that motivation to start your day.
WOOOO DR. MIKE!! Let’s see a training video!!