50 Fires: Money and Meaning with Carl Richards

Latest Episodes:

The First 20 Fires: Highlights From Chef Maneet Chauhan; Musician Lukas Nelson; VC Bryce Roberts; Comedian Gina Yashere; and UCLA Professor Hal Hershfield on Money and Psychopathy Mar 20, 2024

Show notes

Carl takes a look back on moments from the first 20 episodes of the show, and highlights some moments that you may have missed.

Celebrity Chef and Food Network Star Maneet Chauhan reflects on growing up in India and how she never compared what she had to her peers (ie - life before Instagram)!

Musician Lukas Nelson reveals how he writes music that is important to him and what he learned from his Dad, Willie Nelson, about the business of writing songs.

Venture Capitalist Bryce Roberts opens up ‘The Devil’s Golden Question’, a deceivingly complex question that we should all be asking ourselves: “How much is enough…for you?”

Comedian Gina Yashere from CBS’s Bob Hearts Abishola tells Carl how she fell into comedy after pursuing a ‘safer’ career as an engineer, and why her mother eventually supported her.

And UCLA Professor Psychology and Behavioural Decision-Making Hal Hershfield unpacks some of the most revolutionary thinking behind Carl’s conversation with Jamie, a diagnosed psychopath.

Email List: Sign up at https://www.50fires.com for our monthly email with resources for financial advisors!

Carl Instagram: @behaviorgap

Blind Nil Instagram: @blindnilaudio

Please direct business inquires to: blindnilaudio@magnolia.com

Cover Art: Josh Passler - TheFinArtist.com

Music Credits:

Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com

Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com

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School Teachers, Education, and Financial Purpose: Educator Jonathan Santos Silva on pursuing a career in education, the inevitable financial struggles in that pursuit, and finding purpose in community above all else. Mar 13, 2024

Show notes

It’s not a secret that a elementary and secondary school educators are notoriously underpaid, and in this episode, Educator Jonathan Santos Silva discusses how he’s pursued his career in education despite any and all financial pressures. Throughout this important conversation, Jonathan and Carl ultimately discuss the role of money as an expression of value and its relationship to purpose and community in life.

Jonathan Santos Silva got his start as an educator in 2010 at Little Wound School on the Pine Ridge Reservation in South Dakota, as part of the Teach For America program, where he taught secondary math and called play-by-play for the school’s Athletics program.

That experience led him to his ultimate calling by founding the Liber Institute, an organization focused on developing the leadership capacity of Indigenous students, families, and educators from all over the country, helping them to ultimately transform the schools and communities that they serve.

Jonathan is also the host of Teach For America’s Changing Course podcast, a show where he speaks with students, teachers, and administrators at innovative schools to find out how they’re breaking down barriers to improve student outcomes.

Email List: Sign up at https://www.50fires.com for our monthly email with resources for financial advisors!

Carl Instagram: @behaviorgap

Blind Nil Instagram: @blindnilaudio

Please direct business inquires to: blindnilaudio@magnolia.com

Cover Art: Josh Passler - TheFinArtist.com

Music Credits:

Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com

Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

Morgan Housel and Gretchen Housel Part 2: Why they never fight about money, why Morgan now only wants to fly business class, and how they’re talking to their kids about money Mar 06, 2024

Show notes

In Part 2 with Morgan and Gretchen Housel, host Carl Richards unpacks the difference between wants and necessities (ie - sometimes flying in Business class is essential in order to effectively do what you’ve been hired to do) . They also reveal that while they have disagreements about some things, money has never really been one of them. And the explore the challenges of parenting in the digital age, the dangers of social comparison, and the importance of not focusing solely on money and instead providing their children experiences together while they can.

Email List: Sign up at https://www.50fires.com for our monthly email with resources for financial advisors!

Follow 50 Fires on Instagram: https://www.instagram.com/50firespod/

Please direct business inquires to: blindnilaudio@magnolia.com

Cover Art: Josh Passler - TheFinArtist.com

Music Credits:

Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com

Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

Morgan Housel and Gretchen Housel Part 1: How they use simple financial experiments to improve their relationship with money and each other Feb 28, 2024

Show notes

Description

If you’ve spent any time in finance, you’ll know that Morgan Housel is The New York Times Bestselling Author of The Psychology of Money and the newly released Same As Ever: Timeless Lessons on Risk, Opportunity, and Living a Good Life. But today, you’ll get to hear him like you never have before…in conversation with his wife Gretchen.

In Part One of this two-week episode, host Carl Richards asks Gretchen and Morgan what’s most important in their relationship, and it’s something that we all need more of: time together. But for Gretchen and Morgan, money has actually enabled them to spend more time together, because it has been one of their top priorities as a couple from the beginning.

They also discuss the role of using simple experiments in spending habits, such as intentionally spending spending less over a specific period of time, and how their family backgrounds have shaped their perspectives on money, both as individuals, and together.

Email List: Sign up at https://www.50fires.com for our monthly email with resources for financial advisors!

Follow 50 Fires on Instagram: https://www.instagram.com/50firespod/

Please direct business inquires to: blindnilaudio@magnolia.com

Cover Art: Josh Passler - TheFinArtist.com

Music Credits:

Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com

Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

Embracing Uncertainty with Cattle Rancher Elizabeth Poett Feb 21, 2024

Show notes

Elizabeth Poett is a seventh generation cattle rancher, born and raised on Rancho San Julian, her family's historic 14,000-acre cattle ranch on California's Central Coast near Santa Barbara. On this episode of 50 Fires, Elizabeth reflects on the importance of embracing uncertainty as a rancher, a career where every day is different, and unpredictability is a part of the routine. She also shares her own journey of starting a business and diversifying opportunities at the ranch, which includes hosting the cooking and lifestyle show Ranch to Table, one of the founding shows of the Magnolia Network, authoring her popular blog and cookbook The Ranch Table, and hosting a number of events throughout the year on the ranch, including cooking workshops, educational events, and intimate farm-to-table meals.

Email List: Sign up at https://www.50fires.com for our monthly email with resources for financial advisors!

Carl Instagram: @behaviorgap

Blind Nil Instagram: @blindnilaudio

Please direct business inquires to: blindnilaudio@magnolia.com

Cover Art: Josh Passler - TheFinArtist.com

Photograph: Tom Rafalovich

Music Credits:

Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com

Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

Coach Scott Drew - Success On and Off The Court with Baylor Men’s Basketball Feb 14, 2024

Show notes

As the Head Coach of Baylor Men’s Basketball, Scott Drew has the ability to talk about money on his own behalf, as well as all of the young athletes he gets to coach and mentor each and every year. Carl and Coach Drew talk about the financial pressures many players face today, how he tries to instill good financial lessons in them beforethey leave his team, and the importance of mentoring his players both on and off the court.

When Coach Scott Drew accepted the head coaching position at Baylor in 2003, the job was arguably the worst in all of college sports. Even if you don’t follow college sports, the state of the team was pulled straight from the headlines. The program was in a dire spot.

But Coach Drew, a man of deep faith, had a confident vision of what the program could be, even in the face of such adversity, and he guided his team to the pinnacle of success. Under his leadership, Baylor made its first NCAA Tournament appearance in almost 20 years in 2008, and at the 2021 National Championship, Coach Drew led Baylor to its first-ever NCAA Men's Basketball National Championship, defeating Gonzaga in the title game.

As you’ll hear, Coach Drew shares his perspective on prioritizing what truly matters and the role that he plays as a coach in shaping his players' financial mindset.

Email List: Sign up at https://www.50fires.com for our monthly email with resources for financial advisors!

50 Fires Instagram: @50FiresPod

Please direct business inquires to: blindnilaudio@magnolia.com

Cover Art: Josh Passler - TheFinArtist.com

Music Credits:

Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com

Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

Invest Like a Psychopath Feb 08, 2024

Show notes

Carl’s guest this week holds one of the more unique relationships with money you will ever hear. Jamie is a diagnosed psychopath, but the word doesn’t mean what you think. Psychopathy is a neurological disorder, similar to narcissistic personality disorder, and as you’ll soon discover, it has allowed Jamie to treat money with a logic that we could all learn from (example: she maxed out her retirement account at the age of 30)!

A lawyer by trade and author of the book Confessions of a Sociopath: A Life Spent Hiding in Plain Sight, Jamie breaks down the common misconceptions of the disorder, and how it intersects with her financial behaviors. She describes how she compartmentalizes her money and how her heightened sense of impulsivity has helped her to make smart money decisions from a very early age. It turns out, having a lack of emotional connection to money is a key factor in being more responsible and with it, and Jamie will help you see it in a completely different way.

EPISODE CHAPTERS

(0:04:27) - Understanding the Psychological Connection to Money

(0:14:12) - Psychopathic Impulsivity and Compartmentalization With Money

(0:20:34) - Compound Interest and Emotional Perspectives on Money

(0:27:11) - Gender, Money, and Family Dynamics

(0:34:54) - Psychopathy and the Impact on Money

(0:49:34) - Managing Time and Prioritizing Happiness

(0:58:34) - Understanding Chicken People

(1:08:38) - Challenges and Illusions of Society's Expectations

(1:18:31) - Opting Out and Simplifying Life

(1:25:19) - Superficiality, Conformity, and Sharing Abundance

Carl Instagram: @behaviorgap

Blind Nil Instagram: @blindnilaudio

Please direct business inquires to: blindnilaudio@magnolia.com

Cover Art: Josh Passler - TheFinArtist.com

Music Credits:

Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com

Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

Resilience in Uncertainty with TV Writer Dave Goetsch Jan 31, 2024

Show notes

Carl welcomes Dave Goetsch, comedy writer and co-executive producer of 'The Big Bang Theory' for a conversation about navigating the uncertainty of Hollywood. Dave discusses the importance of resilience - financial, emotional, and mental - throughout his career.

Dave shares his firsthand experiences with financial crises, canceled shows, and the pressure of tying self-worth to success. He also discusses how he learned to live in reality and not just fix everything with harder work, which is at the heart of his uncertain, yet fulfilling career as a comedy writer.

Carl Instagram: @behaviorgap

Blind Nil Instagram: @blindnilaudio

Please direct business inquires to: blindnilaudio@magnolia.com

Cover Art: Josh Passler - TheFinArtist.com

Music Credits:

Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com

Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

Another Side of Downtown Josh Brown Jan 24, 2024

Show notes

Josh Brown is a financial advisor known for his insights on CNBC and as the co-host of "The Compound and Friends" podcast with Michael Batnick. He’s had thousands of conversations about money over the years, but none quite like this one. Josh offers a rare, personal glimpse into the moments that molded his financial perspective and approach to life, like the hidden financial struggles his parents shielded him from and the critical role of financial literacy, something he learned the value of later in life.

Follow 50

Please direct business inquires to: blindnilaudio@magnolia.com

Cover Art: Josh Passler - TheFinArtist.com

Music Credits:

Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com

Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

Comparison Is The Thief of Joy with Johnnyswim Jan 17, 2024

Show notes

Amanda Sudano and Abner Ramirez of the musical duo Johnnyswim open up about the meaning of money in their creative partnership and marriage.

Money disagreements are a part of any relationship, but it's how you work through them to forge a unified financial life, and throughout their career, Abner and Amanda have prioritized creative control and financial independence.

Abner and Amanda released their first music as Johnnyswim in 2008, and married a year later in 2009. Since then, they’ve released a number of successful albums and EPs, toured all over the world (many times with their kids in tow), and they’ve released two shows on Magnolia Network, ‘In the Kitchen with Abner and Amanda’ and a docuseries about their life, simply titled ’The Johnnyswim Show”.

Talking about money is hard, and talking about it with a couple can be even harder, but as you’ll soon hear, it can make all the difference in any relationship.

Carl Instagram: @behaviorgap

Blind Nil Instagram: @blindnilaudio

Please direct business inquires to: blindnilaudio@magnolia.com

Cover Art: Josh Passler - TheFinArtist.com

Music Credits:

Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com

Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com

Learn more about your ad choices. Visit megaphone.fm/adchoices