The Automatic Path to Wealth & How to Beat Self-Doubt
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What is the main topic discussed in this episode?
I know you like interesting and thought-provoking conversations and ideas because you listen to something you should know. So let me recommend another podcast I know you will enjoy. It's The Jordan Harbinger Show. Jordan has a real talent for getting his guests to share stories and offer thought-provoking insights. Over the years, I've sent a lot of people to listen, and I get feedback from people who are so glad I introduced them to The Jordan Harbinger Show. Recently, he discussed Scientology and the children who were raised in that organization.
What sleep myths are debunked in this episode?
It's a fascinating conversation. And he talked with Dr. Rhonda Patrick about how to protect your mind and body from the modern world. And it's tougher than you think. I've gotten to know Jordan pretty well. We talk frequently, and I tell you, he is a very smart, insightful guy who does a hell of a podcast. Check out The Jordan Harbinger Show on Apple Podcasts, Spotify, or wherever you listen to podcasts. Back today on Something You Should Know. Is it really bad to fall asleep in front of the TV? Then the magic of automatic savings and compound interest. It can make you rich on just $27.40 a day.
That could add up to over your lifetime with compound interest. $27.40 a day invested, $10,000 a year in 40 years could be worth over $4,424,000.
Also, guess how many bugs are in your house right now? And the curse of self-doubt. It holds us back. We worry, what if people don't like me?
Let's say they don't like me. They disapprove of me. So what? What actually would happen? And when you work through it really pragmatically, often you realize it's nowhere near as big as you've made it in your mind.
All this today on Something You Should Know. Ah, the Regency era. You might know it as the time when Bridgerton takes place, or as the time when Jane Austen wrote her books. The Regency era was also an explosive time of social change, sex scandals, and maybe the worst king in British history. Vulgar History's new season is all about the Regency era, the balls, the gowns, and all the scandal. Listen to Vulgar History, Regency era, wherever you get podcasts.
Something you should know. Fascinating intel. The world's top experts. And practical advice you can use in your life. Today, Something You Should Know with Mike Carruthers.
If you've ever felt guilty about how you sleep, you know, like falling asleep in front of the TV or sleeping in on the weekends, you need to hear this first segment. Hi and welcome to Something You Should Know. I'm Mike Carruthers, your host today. I'm your host every day. So a lot of conventional advice about sleep turns out to be false, according to sleep researchers. For example, you've probably heard the advice that you should not fall asleep in front of the TV. Well, why not? A lot of people simply can't turn off their brains, and watching TV helps them. If you can put a timer on your TV so it turns off after you fall asleep, well, there's nothing wrong with that. And it's pretty commonly accepted that you need eight hours of sleep, but the latest research shows that the right amount of sleep is very personal.
If you feel energized the next day, well, then you've got the right amount of sleep. you can catch up on your sleep on the weekends. Yeah, no, that turns out to be not so true. A Harvard study found that those extra hours don't really improve your reaction times or your ability to focus. And I know people, I've actually tended to be one of these people, who really doesn't think that caffeine affects my sleep, but according to research, it does. I can go to sleep pretty easily after drinking caffeine, and a lot of other people can too. But apparently, according to the researchers, the caffeine keeps you in a lighter stage of sleep. And that's not good. And that is something you should know. Money is one of those topics everyone has an opinion about, and almost no one feels like they totally get it right.
But when you strip it all down, the basic idea of building wealth isn't that complicated. It mostly comes down to one thing, spending less than you make, and then saving the rest before you ever get your hands on it.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:35
2
What sleep myths are debunked in this episode?
0:35–5:47
3
How can automatic savings help build wealth?
5:47–6:31
4
What is the magic of compound interest in saving?
6:31–7:56
5
How does self-doubt affect our decision-making?
7:56–14:13
6
What are the origins of self-doubt?
14:13–14:29
7
How can we rewire self-doubt into confidence?
14:29–21:04
8
What role do social perceptions play in self-doubt?
21:04–50:28
Speakers
5 identifiedMore from Something You Should Know
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