Andrew Hallam On Finding Balance with Your Money for a Successful Life

Published: Jan. 28, 2022, 6:26 p.m.

Millionaire Teacher, Andrew Hallam, sits down with Jon Vassallo, VP of Partnerships at Ratehub.ca,\xa0 to discuss Andrew\u2019s new book: Balance: How to Invest and Spend for Happiness, Health, and Wealth. The two discuss how to live a better life (money isn\u2019t everything), how to align spending with values, and resolving anxiety around spending before diving into investments and socially responsible investing.\xa0

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[0:00] intro
[3:22] Money mistake or makeup - cat litter and ponzi schemes

[9:12] What compelled you to write your new book, \u201cBalance: How to Invest and Spend for Happiness, Health, and Wealth\u201d

[11:58] The 4 quadrants of success in life: money, relationships, health, purpose (Iki gai)

[13:38] Do you have a favourite chapter in the book? What the research says about delaying gratification.
[15:20] Daniel Kahneman - Reflective happiness vs. experiential happiness.\xa0

[19:10] What\u2019s the first step to changing your money habits and getting your finances in order?
How to align your spending with your values.\xa0

[23:51] How do we resolve anxiety around our spending? How will tracking my spending affect my social life?

[28:50] Do you have a gratitude journal? Should we be journaling about gratitude?

[30:35] What is one thing you\u2019re feeling grateful for these days?

[32:12] What\u2019s the difference between ETFs and Active Mutual Funds?

[34:52] The Spiva persistence scorecard: https://www.spglobal.com/spdji/en/spiva/article/us-persistence-scorecard/

[36:55] We\u2019re not designed to invest (and what we should do instead)
[40:16] Does Andrew Hallam invest in Crypto?

[42:22] \xa0 What is SRI (socially responsible investing)? Should we put money where our values are? Does SRI impact our happiness?

[47:15] Why is Costa Rica such a happy country?

[51:05] Rapid Fire Questions

[58:37] Outro