How to Improve at Anything & The Truth About Owning Nothing-SYSK Choice

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Something You Should Know 46 min 2 speakers 6 chapters transcribed 4 days ago
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Mike Carruthers 0:00
There is one word I think gets people in trouble with money. It's probably. I'm probably spending about this much every month. I'm probably saving enough. I'm probably on track for retirement. Probably is not a financial plan. I've been using Monarch. It's a personal finance app that puts your whole financial picture in one place. And it replaces probably. With actual numbers. For example, Monarch showed me that our spending last month jumped about 30% from the month before. 30%. We had some home repairs, but none of the bills seemed like a big hit at the time, but put them all together and wow. But I didn't realize how much our spending had jumped until Monarch showed me. And I think that's how money can get away from you.
Mike Carruthers 0:51
It's not necessarily one giant expense that sets off alarm bells, it's all the things that add up that you don't really notice. That's what I like about Monarch. You can see your Spending, accounts, investments, and savings goals all in one place and see what's really going on with your money. If you're operating on probably, maybe it's time to find out, write your own money story with Monarch. Use code SYSK at monarch.com to get your first year of Monarch Core half off at just $50. That's $50. fifty percent off your first year at monarch.com with code SYSK. Today on something you should know. Next time you walk, walk a little faster. I'll tell you why. Then if you want to get good at something, experience isn't everything.
Mike Carruthers 1:46
There's research out of Harvard to
Eduardo Briceño 1:49
see how much medical doctors improve their patient outcomes the more years of experience that they had on the job. And what they found is that on average, patient outcomes of doctors go down the more years of experience.
Mike Carruthers 2:03
Also, are there health benefits to chewing gum? And there's a growing movement to get people to own less, fewer homes, fewer cars, everything. And that has a lot of folks concerned.
Carol Roth 2:16
There is one thing that I know more than anything to be true, and that's wealth comes from ownership. So the idea that people wouldn't have ownership was very concerning to me.
Mike Carruthers 2:29
All this today on something you should know. A big thank you to today's sponsor, Vinted. I think most of us have what I call someday clothes. I'll wear that someday. That'll fit better someday. Someday I'll have a place to wear that. Meanwhile, it's been hanging in the closet for three years. Vinted offers another possibility sell it. Every day people can sell clothes they're no longer wearing and make some extra money. And they've made the process pretty painless. Take what you don't wear, list it on Vinted. Listing is quick and simple. And when an item sells, Vinted creates the prepaid shipping label for you. And importantly, there are no seller fees on vintage. So when you sell something, you keep everything you earn.
Mike Carruthers 3:22
I like this whole idea because instead of clothes just taking up space, somebody else gets to wear. them and you get some money out of the deal. Your closet looks better too. I mean everybody wins, even the closet. So maybe it's time to stop waiting for someday. Download the Vinted app for free and start listing with no seller fees so you keep everything you earn. Something you should know.
Dr. Nate Zinsser 3:53
Fascinating intel. The world's top experts. And practical advice you can use in your life. Today, Something You Should Know with Mike Carruthers.
Mike Carruthers 4:04
Hi, welcome to something you should know. I know a lot of people listen to this podcast, or any podcast, while they're walking. I do the same thing. And if you're walking into work or down the hall or around the block or whatever, you might want to pick up the pace. A study says that people who walk faster live longer. Researchers at the University of Pittsburgh looked at 35,000 people over the age of 65 and determined. determined that the faster they walked, the lower their risk of death. The results were significant. The fast walkers lived up to 10 years longer than those who just shuffled along slowly. Another study from Harvard found that women who walked regularly at a brisk pace could reduce their risk of stroke by 40%.

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