Money is one of the most important and stressful aspects of our lives. How we earn, spend, save, invest, and enjoy money can have a huge impact on our happiness, health, and well-being. But how do we make smart and satisfying money decisions? How do we balance our present and future needs and wants? How do we find our optimal level of wealth and lifestyle?

To answer these questions, I listened to an enlightening podcast episode from The Examined Life, hosted by Khe Hy, a former Wall Street executive turned writer and podcaster. In this episode, Khe interviews Adam Katz, a wealth advisor at Corient Capital Partners. Adam is also Khe’s personal advisor and friend, and they have a candid and insightful conversation about money, psychology, and philosophy.

In this podcast, Adam shares his wisdom and experience on how to manage money better. He talks about his own journey of becoming a wealth advisor, and how he helps his clients achieve their financial goals and dreams. He also gives practical advice on how to create your own money rules, how to use leverage and debt wisely, how to measure your return on hassle, and how to die with zero.

Here are some of the key takeaways from the podcast:

• Money is a tool, not a goal. You should use money to enhance your life, not to define it. You should focus on what money can do for you, not on how much money you have. You should align your money decisions with your values, passions, and purpose.
• Money is emotional, not rational. You should be aware of your money mindset, beliefs, and biases, and how they affect your behavior and choices. You should also understand your money personality, preferences, and trade-offs, and how they differ from others. You should avoid comparing yourself with others, and instead, focus on your own happiness and satisfaction.
• Money is dynamic, not static. You should adapt your money strategy to your changing circumstances, goals, and needs. You should review your money rules regularly, and adjust them as needed. You should also be flexible and open-minded, and embrace uncertainty and opportunity.

I hope you enjoyed this blog post and found it useful. If you have any questions or comments, please feel free to share them below. Thank you for reading!