Michael Norton

speaker
351 appearances 2 recordings 1 series first heard Apr 2026 last heard 8 Aug

Michael Norton’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
1 · Aug OctJan 26AprJulnow

Recordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.

Appearances

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We need a roof over our heads.
We need clothes and things like that.
We're trying to say, once you've taken care of the basics, how could you think differently about the money you have left to really get something out of it?
One of the biggest categories, if we have people do an audit of themselves, it turns out that tons of the money we spend is on stuff and in particular stuff for ourselves.
So it's true that we need pants, for example, but we probably don't need as many pairs of pants as we have.
Same with shoes, same with technology, same with everything else we have.
Same with coffee every single day.
It's not that those things are bad to buy.
It's that we're often buying too much of them or we're buying them too often.
And we can see in the data that when we do things like that, your 50th coffee of the week, it turns out doesn't really make you very happy to be drinking that much coffee.
That's the kind of spending where we'd ask you to say, stop on stuff for yourself and try thinking about a different category of spending.
I think it's partly that sense of this is just how I spend my money.
People often have the feeling that money comes in and money goes out and they're a little bit in control of it, but not exactly.
It just feels sometimes like spending happens to us instead of us taking control of it.
And when we buy pants and when we buy coffee, typically people are doing that because they think it's going to be good.
I really like those pants or I really need coffee right now.
And right after they buy those things, they do feel good.
Coffee tastes pretty good.
We like new pants and things like that.
But what we see is that in the long run, those things don't add up to any more.
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