Rob Henderson: Luxury Beliefs and Status Games | The Really Rich Podcast - Ep. 26
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- Опубліковано 11 лип 2024
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In episode 26 of The Really Rich Podcast with Nicholas Crown, I sit down with Rob Henderson, a distinguished scholar and author to explore the intriguing concepts of luxury beliefs and status games. Rob, an accomplished individual with a Ph.D. in Psychology from the University of Cambridge as a Gates Cambridge Scholar, brings his expertise to this thought-provoking conversation. During this engaging discussion, Rob delves deep into the fascinating world where material possessions, belief systems, societal values, and personal identity intersect.
(If you missed episode 25, check it out here: • Wilson Ruotolo: Mushro... )
Full episode on Spotify: open.spotify.com/show/3aoAPG9...
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00:00:00 Who is Rob Henderson?
00:07:45 The Tulip Crash (Tulipmania)
00:09:50 The Whole Deal With Twitter's Verification Badge
00:12:32 Everyone is Sending a Signal
00:19:18 What The Rich Vs Really Rich Skit Is all About
00:24:11 How Our Society See Status Nowadays
00:28:47 Private Jets Aren't Sexy At All
00:32:40 Why Rich People Usually Gets Richer
00:39:55 Following Your Passion Helps Everyone
00:45:53 Why You Shouldn't Live a Lie
00:53:47 Is it Easier to Pay For Status or Sell it For Money?
01:04:23 What I Did For 10 Years in New York
01:12:22 You Can't Outsource The Most Important Decisions of Your Life
01:15:32 What Are Luxury Beliefs?
01:28:15 From The High-Status Hierarchy to Earning $14/H.
01:35:07 What Are We When We Pull Our Status Away?
Your shorts brought me here! Good job. Would be a little bit easier if the link was in the description or in the comments. Just saying. But I found it eventually 🙂
Came here from Rob's newsletter. I love it
Such an interesting podcast. The part were you shared your story and highlighted the possibility of skipping some of the status games to get to one's real work was spot on, and very useful for me as a young guy starting out his career. Keep it up!
I suspect the higher drive for status with people who have status is parallel to the rich vs wealthy dynamic. Rich people are people who think in terms of their quantity of material possessions. Wealthy people think in terms of their personal freedom. People who think in terms of material possessions are generally extremely vincible to coercion. There is no functional difference between a minimum wage employee who will do whatever management says because failure to do so means they cannot make rent and a businessman who gets on a Gulfstream because the other party in the deal said jump and they cannot make their mansion payment if they don't jump. Wealthy people curate what is in their life on the basis of how much of an obligation it is. When the manager tells someone to close up unexpectedly or someone says get on your plane and come see me face to face and the response is a chuckle that implies that the request has been heard and will be considered. The difference in the size of their monthly bills is irrelevant. Rich people need money, while wealthy people have taken the actions to accumulate enough money to not need it within the context of what they want to do. Very few people actually want to do the things that require the material resources that are available at the top. That, or the things they want to do require so many resources that only governmental organizations have the resources to perform the task. Wealthy people don't watch the screen because wealthy people have curated their life to the point that they have so much money relative to what they want to do that numbers going up and down don't matter. Rich says: if I take my eyes off the screen I lose $100K. Wealthy says: I hardly look at the screen because I literally don't care if I'm up $100K or down $100K, because caring implies those numbers have implications for my life and they don't, and I'm diversified to the point where if I lose it all then civilization itself has collapsed.
The status game is similar. There are people who chase clout and will therefore do or say what getting clout requires, and then there is the guy that worked on living life in a manner that gives him experience and insight into life to the point that everyone who matters listens when he speaks, because he speaks when he has something to say and not to be heard. If he shows up wearing a jacket people know that he is wearing the jacket because there is a very strong argument for the jacket actually being a very good jacket because that is literally the only reason he buys a jacket and he only buys jackets because he can articulate in detail the actual use case as applies to him for why a jacket is a useful thing for him to own. If everyone is wearing a particular type of jacket and the guy shows up not wearing the jacket then the fact that he isn't wearing the jacket implies that he has a detailed and well reasoned rational for why wearing the jacket doesn't make sense in the current context. Wearing the popular jacket while he isn't has an implication that the jacket wearers lack insight to the point that their actions are not in alignment with competence. You want enough status so that when events in your life that affect you, you can speak and people will listen. Just like the fact that we live in a world of industrialized resource generation means that the availability of resources creates a clear difference between wealthy people who use resources and rich people who accumulate resources, and the top resource collectors are all rich people because wealthy people are not distracted by accumulating resources they have no practical use for, status is similar. We live in an era where the ability to accumulate attention via the internet and mass media vastly outstrips any practical need to exist in the top strata of status obtainers. Furthermore, just like acquiring resources to expend resources on super cars isn't actually having resources, having the respect of a million random strangers on the internet isn't actually respect. If you have a million followers on social media and are at the airport, nearly all of them are people who either won't pick you up are are somebody you don't want picking you up. While being respected on a small internet group dedicated to a specific skill based hobby is arguably vastly superior in terms of your ability to get picked up at the airport by someone that is less likely to be an axe murderer than a uber driver and you are totally sure you'd want to likely grab a meal with while you are there.
To control your environment requires resources and recognized competence. To control how you control your environment requires freedom and a sense of self. The top accumulators of resources lack freedom because to maximize accumulation requires following the path of least resistance to maximize gains. The top accumulators of recognized competence lack a sense of self because to maximize accumulation requires following the path of least resistance to maximize gains.
This and the podcast w Rey Flemings were fantastic. Will have to re-watch these
Time to sub to the channel too ;)
I love the fact there's a chaotic rainstorm happening behind Nicholas the whole time
Great success story ... congrats on moving on up !! A big inspiration
Such a fascinating conversation. I love your channel.
No tengo Resentimiento por nadie, y menos por alguien que realmente yo quiero de verdad. No importa que ella hacía!
Amazing podcast! 👏
I don't have any hard feelings for anyone, least of all for someone I really love. It doesn't matter what she did!
As far as status goes the person who wears tailored suits or a fancy watch with their personal brand or other expressions of personal taste that show status. Is playing a far different status game than the person doing those things to raise their status in others eyes.
This guy had a dysfunctional life in his early years but my god did he make the best out of a less than ideal situation, massive credit to himself. Well done sir 👏
Would be great to see some women on your podcast
No it wouldn’t.
Codie Sanchez would be a good candidate
Get Candace or Amala.
Did you just assume everyone’s gender????. I’m literally shaking from your hate and bigotry. I hope you get what you deserve
Why? Why would someone be a good guest simply because they have a vagina?
It would be good to focus on interesting people, no identity politics.
Host is the worst, goes off of random tangents, incoherent thought, just let the guest speak….
I didn't realize who was interviewing who until I read this comment. Hmmm...