In this episode, I talk about the role the economy plays in our day-to-day behavior.
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Episode Notes:
The economy, our income, and our spending power
"Your income determines how much you can afford to allocate to different needs and wants. Most of us need a place to live, transportation and a certain amount of food. Economists refer to these as basic needs, which tend to get first priority. Your income is limited, whether it comes from traditional employment, self-employment or a combination of these -- even if you're a billionaire. Of course, someone who has a lower income will tend to spend a higher percentage on basic needs because they have to. Households with higher incomes can afford to allocate more of their incomes, as a percentage and in absolute dollar terms, to discretionary purchases."
https://budgeting.thenest.com/5-economic-factors-influence-peoples-behavior-25099.html
Economic development and individual and social behavior
"Several studies previously pointed out that for many people unemployment leads to deterioration of mental state, increased anxiety, depression, decreased life satisfaction and overall indifference."
https://www.sciencedirect.com/science/article/pii/S1877042813052361
Maslow's Hierarchy of Needs
"This five-stage model can be divided into deficiency needs and growth needs. The first four levels are often referred to as deficiency needs (D-needs), and the top level is known as growth or being needs (B-needs).
Deficiency needs arise due to deprivation and are said to motivate people when they are unmet. Also, the motivation to fulfill such needs will become stronger the longer the duration they are denied. For example, the longer a person goes without food, the more hungry they will become."
https://www.simplypsychology.org/maslow.html
In today’s episode we talk about mental health really is, and why mental health is sometimes confused with mental illness. We also talk about how mental wellness is key to being successful at personal development.
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Key Points:
Notable Quotes:
“There is no health without mental health.” - World Health Organization
In this sponsored interview episode, I sit down with Dr. Desreen Dudley from Teladoc Health to discuss the mental health struggles that college students face.
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In this episode we are talking about the process of learning something new. This is something that I do constantly since I am always learning a new skill. Through doing this I built up a mental model that helps me understand what to expect when I go into something new and can be helpful for you too.
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Key Points:
Notable Quote:
“If you want to learn a new skill, whatever it is, whether it's for work, your own creative purposes for your life, if you want to improve on something that's important to you, if you want to be better in any particular area, the only way is to start where it makes sense.” - Gregg Clunis
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In today's episode we are going to mix it up and I am going to read to you an article written by Shannon Ashley. It's titled "How to build the life you really love." This is not my article but I am excited to share her story about how she has overcome some limiting beliefs and made progress on her goals.
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Key Points:
Notable Quote:
"We owe it to ourselves to step past our self limiting beliefs and take those baby steps to build the lives we love. It might seem scary, but an unfulfilled life is much scarier. " - Shannon Ashley
Important Links:
Original Article: ttps://medium.com/publishous/how-to-build-a-life-you-really-love-5e4db5b09e0
Shannon's Patreon: https://www.patreon.com/shannonashley