Wealth vs Wellbeing with Dr. Sarah Newcomb

In this episode, Wes interviews Dr. Sarah Newcomb, a behavioral economist for Morningstar and the author of Loaded: Money, Psychology, and How to Get Ahead without Leaving Your Values Behind, published in 2016. One of the most interesting things about Sarah is that her passion for her work is rooted in her own financial journey. Even with degrees in math and financial economics, Sarah found herself struggling to manage her own finances. It wasn’t until she confronted her relationship with money and the subconscious beliefs she held that were undermining her success that she was able to make real financial progress.

Wes and Sarah explore topics such as the role our beliefs about money play in building wealth, the number one predictor of well-being, and how to confront the fears we have that could be holding us back from building wealth. Be sure to listen to the end to hear Sarah’s thoughts on what our balance sheets should consist of and how to watch out for “dark patterns” and “sludge” in the financial products that we use.

In This Episode:
Dr. Sarah Newcomb LinkedIn | Book
Morningstar

Articles Discussed:
The Difference Between Wealth and Well-Being
Sludgeby Cass Sunstein
How to watch out for “dark patterns” and “sludge”

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