In this episode I talk about penny-pinching, which I take to mean any kind of nit-picking or hyper-detailed behavior, that I argue leads to bad long-term outcomes. Penny-pinching is when we try to use all the information available to weigh pros and cons, and make some informed decision as how to best act. I will argue that while this might make us feel better in the moment, and sound smart to others, it's in fact more often than not, unintelligent because it doesn't take into account how things play out over the long run. I use the term "rich" in this episode to mean any kind of prosperity whether that's money, family, friends, contentment. What's important to understand here is that when I say the Rich Don't Penny Pinch, the non-penny-pinching behavior came before the person got rich. It's an approach to life that is high-level, approximate, and often looks "dumb" or "uninformed" in the moment, yet leads to truly successful outcomes.Support the showBecome a premium member to gain access to premium content, including the Techniques and Mindsets Videos, visual concept summaries of each episode, community forum, episode summary notes, episode transcripts, q&a/ama sessions, episode search, watch history, watch progress and support.Join Now at nontrivialpodcast.com or patreon.com/8431143/join

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