Moe and Kabir Sehgal discuss a deeper understanding of the relationship between money and humankind.
Money: A Symbol of Value
Ask 10 of your most trusted friends to articulate their relationship with money, and you’re likely to get 10 very different perspectives. It goes without saying that money means different things to different people. Still for me personally, spending nearly 25 years listening to both friends and strangers, the greatest misconception about money is found more in the things that money can’t buy.
Study the great money stewards of our generation, and what you’re likely to discover is a philosophy anchored more in intangibles rather than the material goods that money can buy. I offer Warren Buffett’s wisdom as an example: “Some material things make my life more enjoyable; many, however, would not. I like having an expensive private plane, but owning a half-dozen homes would be a burden. Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.”
In his entertaining new book, Coined: The Rich Life of Money and How Its History Has Shaped Us, Kabir Sehgal takes you on a captivating journey of discovery that will leave you more eager than ever to re-examine your relationship with money.
Here’s what guides our conversation:
How learning the history of money shapes our behavior
What is it about money that most of us just can’t master?
The psychology behind making important money decision
Why the whole notion of debt is largely based on demographics
Purusartha – the four aims of life
The correlations between money and your values
- What it takes to shift your perspective about money