2675: The Goldilocks Zone of Personal Finance by Nick Maggiulli of Of Dollars and Data on Financial Security

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2675: Nick Maggiulli's insightful analysis in "The Goldilocks Zone of Personal Finance" invites readers to discover the balanced state of financial well-being, where neither scarcity nor excess dictates one's life. Drawing from personal anecdotes and scientific research, Maggiulli illustrates the stress associated with both ends of the financial spectrum, advocating for a middle ground that promotes security, motivation, and peace. Read along with the original article(s) here: https://ofdollarsanddata.com/the-goldilocks-zone-of-personal-finance/ Quotes to ponder: "For a subordinate animal, life is filled with a disproportionate share not only of physical stressors but psychological stressors as well - lack of control, predictability, and outlets for frustration." "Becoming rich does not guarantee happiness. It is almost certain to impose the opposite condition - if not from the stresses and strains of protecting wealth, then from the guilt that inevitably accompanies its arrival." Episode references: Why Zebras Don’t Get Ulcers by Robert Sapolsky: https://a.co/d/0vLzVlB The First National Bank of Dad by David Owen: https://a.co/d/3yWA293 How to Get Rich by Felix Dennis: https://a.co/d/hH6Sfyi Rose Lounsbury: The Journey to Enough: https://youtu.be/iZMi46kQww8?si=c6IcExg4JIRNhPUJ&t=1 Learn more about your ad choices. Visit megaphone.fm/adchoices