EP 502 - Would You Rather Be the Richest... or Have Rich Friends?

What did you think of todays show??Is the guy with the highest net worth in the room actually the happiest? Probably not. In this episode, we get into the psychology of money: why net worth is mostly ego, why it can't buy groceries when it's all locked up, and why comparison quietly wrecks how you feel about your own wealth. Plus the fake business valuations inflating everyone's numbers, whether a guaranteed windfall would kill your drive, and what actually gives money meaning.Topics discussed:Introduction (00:00)Promotion and relegation coming to US sports (04:06)Who's happier: the richest friend or the poorest? (08:11)Why we're never booking another Airbnb (11:55)Why the guy in the $20M penthouse is miserable (19:35)Net worth is just comfort, not a scoreboard (24:57)Why your net worth can't buy groceries (25:39)The fake business valuations wrecking net worths (27:29)Would a guaranteed $10M kill your drive? (29:16)Would you want to know the day you die? (32:17)Why retiring can be the thing that kills you (36:04)Kids, purpose, and what you'll regret at 80 (36:45)Follow us on Instagram!https://www.instagram.com/collectingkeyspodcast/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.instagram.com/dylan_does_deals/This episode was produced by Podcast Boutique https://www.podcastboutique.com (https://podcastboutique.com/)