Today, we welcome back Prof. Meir Statman to talk about the role of finances in well-being. We investigate the role of finances in well-being with Prof. Meir Statman through the lens of his new book, A Wealth of Well-Being. Discover why wealth advisors must evolve into well-being advisors and uncover the impact of finances on various life domains. From dating to education, we discuss the profound financial correlations shaping happiness and well-being. Tune in now!

https://youtu.be/A8QqKPfQFIw

Key Points From This Episode:

(0:00:00) Intro

(0:00:30) How life well-being fits into the study of behavioral finance

(0:06:10) The role do finances play in life well-being

(0:11:02) The role do Meir sees for financial advisors in improving their clients’ life well-being

(0:16:28) The importance to life well-being that someone’s financial capital is relative to the people around them

(0:19:53) How the gap between what we have and what we aspire to have affects life well-being

(0:22:32) Whether too much self-control can impact life well-being

(0:26:17) How finances affect dating and marriage

(0:29:11) The role work plays in well-being

(0:31:40) The effect education has on life well-being 0:39:22 How religion affects life well-being

Participate in our Community Discussion about this Episode:

https://community.rationalreminder.ca/t/bonus-episode-prof-meir-statman-a-wealth-of-well-being-discussion-thread/29295

Books From Today’s Episode:

A Wealth of Well-Being — https://www.amazon.com/Wealth-Well-Being-Holistic-Approach-Behavioral/dp/1394249675

Links From Today’s Episode:

Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p

Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582

Rational Reminder Website — https://rationalreminder.ca/

Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/

Rational Reminder on X — https://twitter.com/RationalRemind

Rational Reminder on YouTube — https://www.youtube.com/channel/

Rational Reminder Email — info@rationalreminder.ca

Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/

Benjamin on X — https://twitter.com/benjaminwfelix

Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/

Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/

Cameron on X — https://twitter.com/CameronPassmore

Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/

Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/

Mark McGrath on X — https://twitter.com/MarkMcGrathCFP

Prof. Meir Statman — https://www.scu.edu/business/finance/faculty/statman/

Prof. Meir Statman on Twitter — https://twitter.com/meirstatman

About The Author

Cameron Passmore

Cameron Passmore has been a leading advocate for evidence-based, systemic investing for over 20 years in the Ottawa area. Today, Cameron and his team serve a broad range of affluent clients across Canada.