50 Fires: Money and Meaning with Carl Richards

Carl welcomes journalist, writer, surfer, climber, father and husband Daniel Duane to reflect on a life and career guided by passionate pursuits and what happens when that career suddenly seems unviable. The conversation raises questions about the meaning of a simpler life and how to navigate the complexities of money in the present as the cost of living continues to rise all around us. As a result, Dan shares his journey of transitioning from being a writer to becoming a psychotherapist, reflecting on feeling cornered in his career well after middle age, and the fear of not being able to provide for his family. If you’ve ever felt alone in struggling with an uncertain future, this episode of 50 Fires is a reminder that none of us have to be alone in that struggle.  Read Dan’s article from Psychotherapy Networker “Action Man Meets Therapy Guy”  Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Podcaster, Author, and Financial Journalist Farnoosh Torabi discusses the impact of her parents’ approach to money growing up as a first generation Iranian family in Massachusetts, and how the gender dynamics of their relationship impacted her at an early age. She reflects on how her childhood experiences shaped her perception of money and the importance of finding financial autonomy in her own marriage. Farnoosh also reveals some of the most impactful paradigm shifts around money that she’s learned on her podcast So Money - approaching it’s 10th year of release with over 1,600 episodes.  Follow and Listen to So Money on Apple Podcasts and Spotify Podcasts  Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Comedian Pete Holmes reflects on his relationship with money and how it relates to his sense of freedom, creativity, and play.  In this wide ranging conversation, Carl and Pete explore how money impacts our anxiety, and the role that spirituality plays in helping to reduce that tension. From Pete’s early days in standup comedy, to his eventual success as a writer, actor, and podcaster, this episode highlights the importance of understanding and deepening our values during each phase of life, and remembering to stop and laugh as much as we can along the way. Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week’s episode of 50 Fires, Carl keeps things in the family by having a discussion about money with his oldest daughter, Lindsay Richards.  Lindsay is a 27-year old finance professional living in New York City, and as the oldest of 4 kids, she has a lot of perspective on how her parents handled money as she and her siblings grew up. From her earliest memory of money (“Mom wouldn’t let me touch coins because they’re dirty”) to reflecting on the ways money was treated and discussed in their home, this conversation is packed with insights on how to use simple questions to learn about your kids and how they view money.  Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Hal Hershfield is a leading expert on the psychology of making decisions, but that doesn’t mean that he always makes the right decisions about money, which should be reassuring for us all to hear. A Professor of Marketing, Behavioral Decision Making, and Psychology at UCLA’s Anderson School of Management, Hal joins Carl to discuss some of his earliest memories about money (he looked it up in the ‘M’ book of his Encyclopedia), the importance of aligning capital with what's important in our lives, and how we rationalize our decisions around money with our emotions way more than we should. Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Carl takes a look back on moments from the first 20 episodes of the show, and highlights some moments that you may have missed.  Celebrity Chef and Food Network Star Maneet Chauhan reflects on growing up in India and how she never compared what she had to her peers (ie - life before Instagram)!   Musician Lukas Nelson reveals how he writes music that is important to him and what he learned from his Dad, Willie Nelson, about the business of writing songs.  Venture Capitalist Bryce Roberts opens up ‘The Devil’s Golden Question’, a deceivingly complex question that we should all be asking ourselves: “How much is enough…for you?”  Comedian Gina Yashere from CBS’s Bob Hearts Abishola tells Carl how she fell into comedy after pursuing a ‘safer’ career as an engineer, and why her mother eventually supported her.  And UCLA Professor Psychology and Behavioural Decision-Making Hal Hershfield unpacks some of the most revolutionary thinking behind Carl’s conversation with Jamie, a diagnosed psychopath.  Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s not a secret that a elementary and secondary school educators are notoriously underpaid, and in this episode, Educator Jonathan Santos Silva discusses how he’s pursued his career in education despite any and all financial pressures. Throughout this important conversation, Jonathan and Carl ultimately discuss the role of money as an expression of value and its relationship to purpose and community in life. Jonathan Santos Silva got his start as an educator in 2010 at Little Wound School on the Pine Ridge Reservation in South Dakota, as part of the Teach For America program, where he taught secondary math and called play-by-play for the school’s Athletics program.  That experience led him to his ultimate calling by founding the Liber Institute, an organization focused on developing the leadership capacity of Indigenous students, families, and educators from all over the country, helping them to ultimately transform the schools and communities that they serve. Jonathan is also the host of Teach For America’s Changing Course podcast, a show where he speaks with students, teachers, and administrators at innovative schools to find out how they’re breaking down barriers to improve student outcomes.  Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In Part 2 with Morgan and Gretchen Housel, host Carl Richards unpacks the difference between wants and necessities (ie - sometimes flying in Business class is essential in order to effectively do what you’ve been hired to do) . They also reveal that while they have disagreements about some things, money has never really been one of them. And the explore the challenges of parenting in the digital age, the dangers of social comparison, and the importance of not focusing solely on money and instead providing their children experiences together while they can.   Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Description  If you’ve spent any time in finance, you’ll know that Morgan Housel is The New York Times Bestselling Author of The Psychology of Money and the newly released Same As Ever: Timeless Lessons on Risk, Opportunity, and Living a Good Life. But today, you’ll get to hear him like you never have before…in conversation with his wife Gretchen.  In Part One of this two-week episode, host Carl Richards asks Gretchen and Morgan what’s most important in their relationship, and it’s something that we all need more of: time together. But for Gretchen and Morgan, money has actually enabled them to spend more time together, because it has been one of their top priorities as a couple from the beginning. They also discuss the role of using simple experiments in spending habits, such as intentionally spending spending less over a specific period of time, and how their family backgrounds have shaped their perspectives on money, both as individuals, and together.  Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Elizabeth Poett is a seventh generation cattle rancher, born and raised on Rancho San Julian, her family's historic 14,000-acre cattle ranch on California's Central Coast near Santa Barbara. On this episode of 50 Fires, Elizabeth reflects on the importance of embracing uncertainty as a rancher, a career where every day is different, and unpredictability is a part of the routine. She also shares her own journey of starting a business and diversifying opportunities at the ranch, which includes hosting the cooking and lifestyle show Ranch to Table, one of the founding shows of the Magnolia Network, authoring her popular blog and cookbook The Ranch Table, and hosting a number of events  throughout the year on the ranch, including cooking workshops, educational events, and intimate farm-to-table meals. Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Photograph: Tom Rafalovich Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

As the Head Coach of Baylor Men’s Basketball, Scott Drew has the ability to talk about money on his own behalf, as well as all of the young athletes he gets to coach and mentor each and every year. Carl and Coach Drew talk about the financial pressures many players face today, how he tries to instill good financial lessons in them before they leave his team, and the importance of mentoring his players both on and off the court.  When Coach Scott Drew accepted the head coaching position at Baylor in 2003, the job was arguably the worst in all of college sports. Even if you don’t follow college sports, the state of the team was pulled straight from the headlines. The program was in a dire spot.  But Coach Drew, a man of deep faith, had a confident vision of what the program could be, even in the face of such adversity, and he guided his team to the pinnacle of success. Under his leadership, Baylor made its first NCAA Tournament appearance in almost 20 years in 2008, and at the 2021 National Championship, Coach Drew led Baylor to its first-ever NCAA Men's Basketball National Championship, defeating Gonzaga in the title game. As you’ll hear, Coach Drew shares his perspective on prioritizing what truly matters and the role that he plays as a coach in shaping his players' financial mindset. Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Carl’s guest this week holds one of the more unique relationships with money you will ever hear. Jamie is a diagnosed psychopath, but the word doesn’t mean what you think. Psychopathy is a neurological disorder, similar to narcissistic personality disorder, and as you’ll soon discover, it has allowed Jamie to treat money with a logic that we could all learn from (example: she maxed out her retirement account at the age of 30)!   A lawyer by trade and author of the book Confessions of a Sociopath: A Life Spent Hiding in Plain Sight, Jamie breaks down the common misconceptions of the disorder,  and how it intersects with her financial behaviors. She describes how she compartmentalizes her money and how her heightened sense of impulsivity has helped her to make smart money decisions from a very early age. It turns out, having a lack of emotional connection to money is a key factor in being more responsible and with it, and Jamie will help you see it in a completely different way. EPISODE CHAPTERS (0:04:27) - Understanding the Psychological Connection to Money (0:14:12) - Psychopathic Impulsivity and Compartmentalization With Money (0:20:34) - Compound Interest and Emotional Perspectives on Money (0:27:11) - Gender, Money, and Family Dynamics (0:34:54) - Psychopathy and the Impact on Money (0:49:34) - Managing Time and Prioritizing Happiness (0:58:34) - Understanding Chicken People  (1:08:38) - Challenges and Illusions of Society's Expectations (1:18:31) - Opting Out and Simplifying Life (1:25:19) - Superficiality, Conformity, and Sharing Abundance Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Carl welcomes Dave Goetsch, comedy writer and co-executive producer of 'The Big Bang Theory' for a conversation about navigating the uncertainty of Hollywood. Dave discusses the importance of resilience - financial, emotional, and mental - throughout his career. Dave shares his firsthand experiences with financial crises, canceled shows, and the pressure of tying self-worth to success. He also discusses how he learned to live in reality and not just fix everything with harder work, which is at the heart of his uncertain, yet fulfilling career as a comedy writer.  Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Josh Brown is a financial advisor known for his insights on CNBC and as the co-host of "The Compound and Friends" podcast with Michael Batnick. He’s had thousands of conversations about money over the years, but none quite like this one. Josh offers a rare, personal glimpse into the moments that molded his financial perspective and approach to life, like the hidden financial struggles his parents shielded him from and the critical role of financial literacy, something he learned the value of later in life.  Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Amanda Sudano and Abner Ramirez of the musical duo Johnnyswim open up about the meaning of money in their creative partnership and marriage.  Money disagreements are a part of any relationship, but it's how you work through them to forge a unified financial life, and throughout their career, Abner and Amanda have prioritized  creative control and financial independence.  Abner and Amanda released their first music as Johnnyswim in 2008, and married a year later in 2009. Since then, they’ve released a number of successful albums and EPs, toured all over the world (many times with their kids in tow), and they’ve released two shows on Magnolia Network, ‘In the Kitchen with Abner and Amanda’ and a docuseries about their life, simply titled ’The Johnnyswim Show”.  Talking about money is hard, and talking about it with a couple can be even harder, but as you’ll soon hear, it can make all the difference in any relationship. Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Carl invites his wife, Cori, to have a conversation about money that’s been decades in the making. 28 years into their relationship, Carl and Cori are still learning about each other–especially when it comes to money. In this intimate episode, Carl and Cori break down decades-long misconceptions about one another, assumptions they've made but rarely questioned, and feelings they're never before revealed. Don't miss Carl putting his money where his mouth is, this week on 50 Fires. Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Being a successful actor is no easy feat, and learning how to navigate the tumultuous waves of the entertainment industry’s financial landscape takes discipline and even frugality. Actor Dean  shares how his early obsession with saving money molded his successful acting career. Way before he landed the role of Hank on Breaking Bad, he understood the critical importance of living within his means so that he could continue to pursue acting. Money can offer freedom, but it requires a delicate dance of respect and control, especially in a career that’s as unpredictable as acting. Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Gina Yashere’s career in comedy is a result of sheer resilience, determination, and…budgeting. As a standup comedian and co-creator of Bob Hearts Abishola on CBS, she’s come a long way from her upbringing as a second generation Nigerian immigrant in London. Growing up, her mother essentially gave her two career options - doctor or engineer. After becoming an elevator technician and engineer in her early 20s, she decided that comedy would ultimately make her more money, albeit with a more winding and unpredictable path. She also opens up about her struggle with gambling and impulsive buying habits, how she overcame these challenges, and ultimately became more mindful about money, investing in properties, and aggressively saving for retirement. Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt Higgins’ journey to success, growing up poor in New York City, has been a huge part of his framework for viewing money. He and Carl discuss the idea that money is meant to be in flow, and Matt shares his earliest memory of how his mother had an abundance mindset - despite her financial circumstances. Matt candidly shares the deep-seated trauma of his financial struggles and how it shaped his relationship with money, and reflects his ongoing journey towards feeling safe with all of his financial decisions. For more on Matt, check out his book Burn the Boats: Toss Plan B Overboard and Unleash Your Full Potential, out now from Harper Collins.  Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Chef Maneet Chauhan is best known as a judge on Chopped and as a fierce culinary competitor on Food Network shows like Iron Chef, Guy’s Grocery Games, and Beat Bobby Flay. But off screen, she’s a successful chef and restaurateur with a passion for sharing the diverse flavors she grew up with in India. As an immigrant to the United States, she also has a unique perspective on money. From her father's meticulous habit of recording expenses as a child to her own hard-earned lessons about financial independence after moving to America to attend the Culinary Institute of America, Maneet’s definition of ‘enough’ is constantly evolving as she pursues her craft as a chef and entrepreneur.  Join host Carl Richards as he discusses money and meaning with Maneet Chauhan on this week’s episode of 50 Fires. Carl Instagram: @behaviorgap Blind Nil Instagram: @blindnilaudio Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits:  Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices