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One of our favorite things to do on this show is talk with the amazing authors of new books related to sensible investing. Today we do just that, welcoming back Andrew Hallam to the podcast to talk about his new book, Balance. In it, Andrew tackles the relationship between our finances and happiness, looking at the areas of life that need the most attention, and how we sometimes overlook important aspects of our wellbeing. This is Andrew's third book, and we previously hosted him on the show in Episode 99, so make sure to go back and catch up on that if you have not already listened to it. We have a fascinating chat with Andrew again today, getting to grips with some of the main findings in the book, with our guest unpacking his arguments about material purchases, spending on experiences, gratitude, and financial literacy. We also get to hear from him about the importance of staying light-hearted, and how he defines success and failure. Balance is such an eye-opening and illuminating piece of work, which we highly recommend our listeners check out, so tune in today to get a taste of what it's all about.
Timestamps:
0:00 Intro
3:00 How do you Define Success in your Life?
6:45 The Relationship Between your Spending Habits and your Happiness/Life Satisfaction/Gratitude
39:54 Let's Discuss Personal Finance
1:03:08 Talking Cents with Andrew
Books From Today’s Episode:
Balance: How to Invest and Spend for Happiness, Health, and Wealth - amzn.to/35tiNPC
Millionaire Teacher - amzn.to/2Xkm2RE
Millionaire Expat - amzn.to/2LN6yjW
Links From Today’s Episode:
Rational Reminder on iTunes - itunes.apple.com/ca/podcast/t....
Rational Reminder Website - rationalreminder.ca/
Shop Merch - shop.rationalreminder.ca/
Join the Community - community.rationalreminder.ca/
Follow us on Twitter - / rationalremind
Follow us on Instagram - @rationalreminder
Benjamin on Twitter - / benjaminwfelix
Cameron on Twitter - / cameronpassmore
Andrew Hallam on Twitter - / aphallam
Andrew Hallam - andrewhallam.com/

[@rationalreminder]

Timestamps:
0:00 Intro
3:00 How do you Define Success in your Life?
6:45 The Relationship Between your Spending Habits and your Happiness/Life Satisfaction/Gratitude
39:54 Let's Discuss Personal Finance
1:03:08 Talking Cents with Andrew

[@ciaranburks4638]

Every one of your podcasts are like receiving a little present, thanks lads!

[@TheBasicStuff]

Actually asking the guests how they define a failed life seems to be a better question. Though it is nice to know what defines a successful life, it may be difficult for everyone to achieve that. By asking guests how they define a failed life, we can avoid failure that may not necessarily lead to a successful life, but ensures we at the very least do not fail in life.

Thankful for awesome episode as always, keep up the good work!

[@scottmuc2112]

This was an exceptional episode. A friend of mine told my about the similar study of regrets. He turned them around and called them the "5 Life DOs":
1. pursue your dreams
2. choose to be happy
3. cultivate friendships
4. take time out
5. say what you think
Also, loved the reverse thinking about the investors performance given a portfolio. The resonated with the conversation about Peter Lynch's fund in the 80s where the portfolio performance was exceptional, but the performance of the participants of the fund were negative because of bad decisions made by the investors.
There's so much gold in this episode. Thanks once again for talking so much sense.

[@cameronpassmore1561]

The new book from Daniel Pink, The Power of Regret looks excellent. I have listened to a couple recent interviews with him. Super interesting.

[@scottmuc2112]

@@cameronpassmore1561 haha, you are always a firehose of book recommendations. I'm a big fan of his book Drive, so this recommendation will go higher up the ever growing queue.

[@AnhNguyen-bi6vg]

Great episode. Thank you!
4 quadrants of success: health/relationship/wealth/purpose

[@_Digitalguy]

Amazing video. I have been too lazy to watch your podcast lately, despite them being some of the best thing you can listen to (I have some catching up to do), but I am so glad I clicked on this. I am getting the book. This guy is truly amazing.

[@evadeanu1]

Thank you so much for your summaries.

[@NATOnova]

great discussion on the psychology of happiness and financial well being again!

[@justStardust940]

That desert island question must have been what Andrew asked himself before deciding to postpone replacing his webcam from the early 2000s

[@kevinmurphy1487]

I am trying to make a post in Rational Reminder Community and can't figure out how. Can anyone help?

[@nishantak911]

Germany has a 50%+1 rule for Soccer (football) team ownership.

[@johnchan7544]

the hosts need better microphones..they are speaking so softly when asking questions of the guests..

[@ReesesPieces81]

I appreciate Andrew Hallam, but it should be illegal to go on RUclips videos with a crap microphone such as one built-in your headphones.

[@nishantak911]

That's quite literally what RUclips is for. If you want big budget production stick to big media houses.

[@evadeanu1]

I disagree. The content is great and didn’t have any issues understanding. Be more positive.