Today on the Consumerism Commentary Podcast, Bryan J Busch talks with Dr. Charles Richards, author of The Psychology of Wealth.
They discuss many aspects of the brain’s conscious and unconscious affects on spending and saving.
Table of contents
[00:00] Introduction from Bryan J Busch
[00:33] Interview with Dr. Charles Richards
– [00:45] The Family Operating System, its influence and how it works
– [03:15] Examining your background and values
– [03:50] The Singer sewing machine’s new way of buying
– [05:37] The U.S. moved from owning what you need to putting luxuries on credit
– [07:07] Are we doing it wrong?
– [08:48] Your core values might just be hand-me-downs
– [11:21] Moderate advice for solving debt problems
– [14:02] Self-esteem’s influence on wealth, and increasing it through generosity
[16:42] End
We always welcome feedback from listeners. If you have any comments for this episode or for any other, or if you have suggestions for future episodes, please leave us comments here or email us at podcast at this domain name.
Theme music by Mindcube.
Published or updated April 1, 2012. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
Rank: Platinum
Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke, also known as Flexo, has contributed to PC World Magazine, US News, Forbes, and other publications. 
{ 2 comments… read them below or add one }
Great interview. While for me this is nothing new, I’m sure many don’t think of money in terms of their psychology. It affects SO much of your daily decisions. It’s important to really understand the beliefs you have, and consciously decide if they make sense or not. As I’ve mentioned on my blog before wealth is much more than about money.
http://investorjunkie.com/11928/wealth-money/
Great topic; I think many of us out there realize how much money affects our decisions, like Investor Junkie said above, and I also agree that self-esteem is raised through generosity. Giving to others and causes I believe in increases my self-esteem significantly and increases my feeling of well-being. It just feels good to help others.