In short
Episode 294 Summary: Dan Harris - 10% Happier
Podcast Overview
- Podcast Title: The Rational Reminder Podcast
- Hosts: Benjamin Felix, Cameron Passmore, Dan Bortolotti
- Focus: Sensible investing and financial decision-making
- Guest: Dan Harris, author and meditation advocate
Episode Description In this episode, Dan Harris shares his journey from a high-stress career in journalism to discovering mindfulness meditation, sparked by a panic attack on live television. The discussion revolves around his book *10% Happier*, which details his exploration into mindfulness practices and the transformative effects of meditation on happiness and decision-making, particularly in financial contexts.
Key Themes and Insights Dan Harris's Journey to Mindfulness
- Panic Attack Experience:
- Occurred live on *Good Morning America* in 2004.
- Led to a pivotal change in his life.
- Transition to Meditation:
- Initially skeptical about meditation, viewing it as "hippie nonsense."
- Discovered mindfulness meditation through personal and professional journeys, recognizing its mental health benefits.
Understanding Meditation and Mindfulness
- Definition of Meditation:
- Mindfulness meditation as a secular practice rooted in Buddhism.
- Focuses on self-awareness and managing thoughts and emotions without judgment.
- Core Principles:
- Beginner's instructions: Find a comfortable position, focus on breath or physical sensations, and notice distractions without judgment.
- Scientific Backing:
- Research indicates numerous health benefits, including improved focus, reduced stress, and enhanced emotional management.
Application of Mindfulness in Daily Life
- Impact on Financial Decision-Making:
- Mindfulness can aid in impulse control, allowing for more rational financial choices.
- Encourages self-awareness, helping individuals to recognize emotional triggers that may influence spending and saving behavior.
Building Happiness and Contentment
- 10% Happier Philosophy:
- Happiness is a skill that can be cultivated through practices like mindfulness and meditation.
- Incremental improvements in happiness can have a compounding effect over time.
- Strategies for Happiness:
- Start with small, manageable steps in meditation practice.
- Aim for consistency, allowing for flexibility and understanding that habits take time to form.
The Role of Relationships
- Importance of Connections:
- Quality relationships are critical for overall happiness and well-being.
- Personal experience emphasizing the need to prioritize time with family and friends over career obligations.
Reflections on Success and Change
- Career Transition:
- Harris left ABC News to pursue mindfulness advocacy full-time, citing a desire for meaningful work and personal fulfillment.
- Learning from Experiences:
- Emphasizes the ongoing journey of self-improvement and the continuous nature of learning about happiness and human connections.
Episode Highlights
- (0:04:49) Harris discusses his journey from news journalism to mindfulness.
- (0:09:11) Exploration of mindfulness and its scientific backing.
- (0:15:48) Personal struggles with meditation and the journey of self-discovery.
- (0:26:56) Insights on how mindfulness can enhance financial decision-making.
- (0:41:03) Reflections on personal happiness and the impact of relationships on success.
Conclusion The episode provides a rich discussion on the intersection of mindfulness, emotional well-being, and financial decision-making. Dan Harris's insights inspire listeners to consider how mindfulness practices can lead to incremental improvements in happiness, ultimately affecting various aspects of life, including financial decisions.
Further Resources
- Dan Harris's Work:
- [10% Happier book](https://www.goodreads.com/en/book/show/18505796)
- [10% Happier app](https://www.tenpercent.com/)
- [Ten Percent Happier Podcast](https://www.tenpercent.com/podcast)
- Rational Reminder Links:
- [Rational Reminder Website](https://rationalreminder.ca/)
- [Rational Reminder on Instagram](https://www.instagram.com/rationalreminder/)
- [Rational Reminder on YouTube](https://www.youtube.com/channel/UCOErWFfNOQzXsgE7f5S_ULw)
This episode serves as a powerful reminder of the benefits of mindfulness in everyday life and its potential to enhance happiness and make thoughtful financial decisions.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:18Welcome to Episode 294 in this week. Once again, we have a very special guest. Ben, Ben, You know, this whole project has been about helping people improve financial decision-making with the ultimate goal of improving each of our well-beings and happiness and hopefully helping listeners to accomplish that. And we've talked often about your paper, Finding a Good Life. And a lot of listeners have commented how we've been shifting the podcast towards that direction. Well, this week we dive into something a little bit different. However, it has the same objective of improving your happiness. And this is meditation.
0:55So this week we welcomed Dan Harris of 10 % Happier. Now you might recognize the name Dan Harris. He was an anchor at ABC News. And he tells a story in the interview, so we're not going to spill the story here. But he has an incredible story about how he came to discover the benefits of meditation. And it's an incredible story. Part of that story is that he wrote a book while he was at ABC News called 10 % Happier. how I tamed the voice in my head, reduced stress without losing my edge, and found self-help that actually works, a true story. So this book, you and I read it back in 2018 when we were introduced to it by a professional colleague, and I just reread it.
1:38And then our good friend Hal Hirschfield was on Dan's fabulous podcast, 10 % Happier. That's the bridge to actually give me a chance to request to see if Dan could join us. So anyways, what did you think of it? Just to your comment about us reading 10 % Happier, however many years ago that was, that book is what caused our professional colleague that you mentioned to go down this path of researching happiness. And he actually gave a talk to our team about his findings. And 10 % Happier was the first book that he mentioned having read himself that got him going down this path. Is that presentation, sorry to interrupt, that I learned about PERMA.
2:19Yeah. And PERMA model. Five-factor model, yeah. This book was the seed that started us thinking in this general direction. Then of course, Brian Portnoy also, the work that he did with us and our team and him being a guest in our podcast, that pushed it even harder. But this book that Dan Harris wrote is really what started it all, which is kind of cool. it's very cool i said this in the interview to dan i find how his book and he frames this whole notes and meditation to be brilliantly compelling 10 happier it's nothing weird he's not apostolizing it he's basically saying try it oh totally throughout this conversation he's very humble but all of it like you said this is something that you can do that he says 10 happy is a joke but it is pretty powerful it's just the idea that you can be a little bit happier by doing this exercise with your brain.
3:09Happiness is a skill, the idea that you can learn and get better at. 10 % Happier is a book available widely. He's just released, I believe, the 10th anniversary of the book. There's also a 10 % Happier app, which will help you with meditation. The podcast has over 600 episodes. I listened to many of them. It's excellent. And he was just telling us that there's an event in New York City. I had seen it mentioned. I didn't know if it was sold out or not, but he claims there's still space available. There's an event in New York City on March 28th with Joseph Goldstein, who's like his mentor in this space.
3:44So I think it'd be quite a treat if you're available and around to check out that. Tickets are available online March 28th in New York City. Anything to add, Ben? Nope. I think this is a great episode. Meditation is discussed a lot, but it's really like you mentioned at the very opening of the introduction, Cameron. It's an episode about living a good life and making better decisions. And Dan talks a lot about how meditation can play a role in that. But I think the episode's even more general than that about living a good life and what Dan has learned about that throughout his experience of the story that he tells in the book, but then everything that's happened to him since the book came out because his whole life shifted directions after that.
4:25So I think there's a lot that people can take away from this conversation. I agree. Okay, let's go to our conversation with 10 % happy years, Dan Harris.
4:38Dan Harris, it's great to welcome you to the Rational Reminder podcast. Thanks for having me on. It's great. I love your book. I read it first six years ago, then I just reread it. Immensely enjoyable book. So thank you for it. To kick it off, can you talk about your journey as a journalist through, as you described in the book, Self-Help, then to meditation? Yeah. So the abbreviated version is that I had a panic attack on live television on a show that I used to be involved with called Good Morning America. So it's a pretty big morning show, which I think can be seen in Canada in some spots at least.
5:14And this was back in 2004. I was reading some stories off of the teleprompter, anchoring the news as it were, and just lost it and had to quit in the middle of my shtick and send it back to the main hosts. You can actually see it if you Google panic attack on TV. I think it's the first result, which makes me very proud. And so the backstory to the panic attack is that I had spent a lot of time in war zones as a very ambitious young network correspondent. And I had gotten depressed during this period of time and did this incredibly dumb thing, which is I started to self-medicate with recreational drugs, including cocaine.
5:53After I had the panic attack, I went to a psychiatrist and he pointed out that it was my cocaine use that was probably responsible for the panic attack. I wasn't high on the air. So in the moment, I did not connect those dots, but it was pretty clear to him. So that was the first big change for me in my life. I stopped doing drugs. I started seeing the shrink. And then through my relationship with the psychiatrist and actually through some odd work assignments that put me in the faith and spirituality realm, I ended up stumbling across meditation. So this was back in like 2008, 2009, before it got cool in its latest hype cycle.
6:33I ended up seeing some of the research that showed it was really good for you. And I tried it. And yeah, here we are. The story is incredible. Can you talk a little bit about what meditation is for listeners who maybe don't fully understand it? Yeah, I love this question because I thought meditation was rank bullshit, just like absolutely hippie nonsense. And there are forms of meditation that I still probably wouldn't cotton to, but the kind of meditation that I got interested in is called mindfulness meditation. It is derived from Buddhism, but secularized and stripped of any metaphysical claims or anything like that.
7:11This form of meditation had and continues to be studied extensively in the labs, and it's been shown to reduce your blood pressure, boost your immune system, rewire key parts of your brain, and we can literally see changes on the brain scans. So that's what really got me over the hump. What is it? The beginner's instructions for mindfulness meditation are super simple. The first three steps really, sit comfortably, close your eyes. That's the first step. The second is Try to bring your full attention to something neutral. Usually it's the feeling of your breath coming in and going out. Some people don't like that.
7:45So they pick just the feeling of their body sitting in a chair or lying on the ground or sounds in the environment. Just picking something that is, and I don't mean this word in a naughty way, but sensual based in your senses instead of your thinking. And you try to commit to it for a few nanoseconds at a time. And then the third step is the most important, which is most people by now have tried meditation or heard of it, or even an any eight-year-old tries to stop thinking and realizes that you can't stop the thinking. And so a lot of people try meditation. They notice I'm trying to feel my breath and getting distracted over and over again.
8:22And they tell themselves a whole story about how they're failed meditators and they quit. But actually, this is the third step of the three. The whole game is just to notice when you've gotten distracted and to start again and again and again. And this is like a bicep curl for your brain. And it's the mechanism or at least one of them by which the brain changes as a result of meditation. And it's a key moment, really, noticing the distraction. That is not failure. That is proof that you're doing it correctly. The whole game is to see how wild your mind is so that you're not owned by all of the mayhem.
8:59And in that way, it's a very elegant practice. I find that very compelling, Dan. You mentioned a word there like you to clarify the meaning of what is mindfulness. I'm glad you asked that question. Mindfulness is one of the skills that gets developed through mindfulness meditation. When you notice you're distracted, which again is the moment when most people get discouraged. The reason why that's a success is you get more familiar with what your life is all about. You might think your life is about service or parenting or hard work or whatever. But actually, most of your life is about what's for lunch?
9:40Where do gerbils run wild? How do I get that blouse that I saw in the Real Housewives? Whatever. Most of your life is random urges, thoughts, and emotions that are, if we broadcast aloud, you would be locked up. Mindfulness is the self-awareness that allows you to see all of the caroming, careening thoughts without being owned by them. A synonym would be self-awareness. You alluded earlier to evidence backing up the claims, I guess, of mindfulness meditation. Can you talk more about what kind of science is backing this up? It's really interesting. And I want to be clear, it's still in its early stages.
10:19Science is basically an argument taking place in public. And I'm not a scientist. So I don't want to overstate the results, but it seems to strongly suggest, the research does, that short daily doses of meditation can confer a long list of tantalizing health benefits. I listed some of them earlier, reducing your blood pressure, boosting your immune system. The neuroscience is really interesting that shows that areas of the brain associated with attention regulation or focus change in positive ways. The area of the brain associated with stress has been shown to shrink. The area of the brain associated with self-awareness and also with compassion, those areas have been shown to get stronger, to change in beneficial ways.
11:02It's quite compelling. And I just want to be humble about, A, my lack of standing to speak about the science as an expert, and also humble about the nature of science. There's always some new study coming out that raises questions about the ones that came before it. Can you talk about the main thesis of Buddhism and its link to meditation? I said before that mindfulness meditation is derived from Buddhism, but it's secularized. I was attracted to that as an agnostic, somebody who didn't want to sign up for a religion per se. But over time, I've become quite deeply interested in Buddhism itself.
11:39I would call myself a Buddhist, which actually is more and less than it sounds like. it's less than it sounds like in that Buddhism isn't, it can be practiced as a religion. And it is by millions of people. And that's beautiful. And there are certainly metaphysical claims. There's no real God in Buddhism, but there are metaphysical claims about rebirth as an example, karma. But the Buddha was very specific, Buddha himself, and exhorted anybody within earshot to not take anything he said at face value. So this is a quote unquote religion that skeptics can line up behind. You can take or leave the metaphysics.
12:16What he essentially was talking about was a set of meditation practices and life principles that can drastically and meaningfully reduce your unhappiness, dissatisfaction, and suffering, and make you a more useful, helpful player in the world around you. It's truly enlightened self-interest in that way. And the main, I would say one of the main theses of Buddhism, a great Buddhist master was once asked, how do you sum up the Dharma, which is lingo for the teachings of the Buddha? How do you sum it up as briefly as possible? And he answered, everything changes. The foundational insight of the Buddha is thunderously obvious, but often overlooked, which is everything's changing all the time.
13:03We think we're walking around in a solid movie of reality, but every cell and atom in your body is changing all the time. Everything around you in nature is changing all the time. Your nature is changing all the time, depending on who you're in contact with, what your age is, what your employment status is, what your balance sheet might look like. Everything is changing with extraordinary rapidity. And if you are clinging too tightly to anything in a world where incessant change is the non-negotiable chief law of existence, then you're going to suffer. And the Dharma just goes from there. I don't want to overstate my expertise in Buddhism either, but that's my beginner's understanding as somebody who's practiced it a non-trivial amount.
13:53You've talked about a lot of the effects of meditation. If you were to define the benefit concisely, how would you define the benefits of meditation? of meditation specifically i would say there are three for me one is an increased sense of calm just the act of taking yourself out of the daily traffic for a few minutes at a time and we should talk about this how much do you need to do in order to get all of the advertised benefits because that's the question most people have but just taking yourself into a quiet place in your head for a couple of minutes a day injects a certain amount of calm into a lifestyle that, for me at least, has traditionally been quite frenzied.
14:34The second is, and I referenced this earlier, it's been shown to boost your capacity to focus. So that's very useful in an era that's been described as the info blitzkrieg. And the third, I think, is the most important, and it takes us back to this word mindfulness. It gives you this ability to see the contents of your consciousness, to see your thoughts, emotions, and urges with some non-judgmental remove so that you're not yanked around by them blindly. And it allows you to respond wisely to things instead of reacting reflexively. And I think that's the biggest benefit. I'll just say one last thing, which is there are other forms of meditation that traditionally have been taught right alongside mindfulness that often get overlooked in our culture that are actually designed to boost your capacity for warmth, friendliness, compassion, you might say love.
15:23I think those are very powerful modalities as well, and they've been studied extensively. Before we get to practical recommendations for meditating, I'd like you to talk a bit about how difficult it was for you to gain the appreciation for meditation. I'm referring to when you're at that retreat for 10 days and that you described how difficult it was for you to get that appreciation, then you hit that breakthrough. Can you talk about that? Yeah, I want to just be clear. The chapter in my book that most people ask me about, or that I get asked about the most, is a blow-by-blow account of my first silent meditation retreat.
15:59It was a 10-day, I think I refer to it as a Zen death march. And you don't need to do this if you're interested in meditation. I had a book that I wanted to write, and I needed some shit to write about, so I went on a meditation retreat. But you can exercise without doing an Ironman. And you can meditate without doing a 10-day meditation retreat. So I don't want anybody to get discouraged or intimidated here. So I went on this retreat. I was very reluctant to do it. The first couple of days of that affirmed all of my reluctance because it was extremely hard and I was surrounded by people who struck me as extremely weird.
16:36And it wasn't the silence that was hard. A lot of people key in on that detail that you're not supposed to talk. It was the meditating from 5.30 in the morning until 10 at night all day, every day. That was what was hard. No kidding. Yeah. So you're doing formal seated and then walking meditation. Walking meditation is this artificially slow walking back and forth where you try to tune into the sensations of your body. And then every time you get distracted, you start again and again and again. It's a great practice. But at this dosage, it's a lot to take, especially for a beginner. So you're doing 30 minutes to 60 minutes of seated meditation, followed by 30 to 45 minutes of walking meditation.
17:16Then there's you get breakfast and then lunch and dinner, although you're not supposed to eat much for dinner. And you're just doing this all day long with a few breaks. And then there's an evening, what they call Dharma talk from the teacher. So it's really intense. And I hated it, was really miserable. And it was interesting because I was simultaneously rebelling against being there. and also trying to win and be the best meditator, whatever that means. And by day five, I think I was at wit's end and ready to go home. And I went and saw one of the teachers and she very quickly diagnosed the problem, which was I was trying too hard.
17:56Meditation is like this crazy video game where you can't move forward if you want to move forward. The first hindrance in meditation is desire, if you're trying to make something happen, it definitionally won't happen. You just have to get into this relaxed, receptive mode. And that's not easy for type A people. After she gave me that advice, went and sat outside instead of sitting in the meditation hall and had this incredible experience where the volume of chatter in my mind went way down and I was much more open to and receptive to whatever was happening in the present moment. So it could be the raw data of physical sensations in my body, could be the bird song I was hearing in the trees, some leftover taste in my mouth from lunch.
18:50And I saw how rapidly the mind moves between thinking, physical sensations, different types of thoughts and emotions all coming up very quickly. And we don't really see that because most of the time we're in this autopilot, this dream, this movie of our discursive thinking. When you concentrate the mind enough, usually on your breath or something like that, and the thinking goes down, it's like you start to see into the gear works of how the human mind works. It was accompanied for me by just a huge blast of serotonin. I had 36 of the happiest hours of my life and ended up weeping on the floor of the meditation hall, all these aging hippies.
19:34And it was incredible. And then it went back to sucking uncontrollably, but it really gave me a lot of faith. That's a loaded word, but you might even just say confidence that there's something to this practice and I've never stopped doing it. I still go on retreats. Wow. What a story. You told the overarching story earlier, but you have the panic attack. At what point did you discover meditation and then go on that retreat? So I had the panic attack. I had two panic attacks. One was in 2004. That's the one you see on YouTube. I actually didn't stop doing drugs after that one. I had another panic attack in 2005.
20:09That's when I went to see the shrink. Stopped doing drugs. And then it was three years or so before I got turned on to meditation. And then I went on the retreat in 2010. And then I wrote the book, came out in 2014. I think I started meditating in 2009. It took me five years to get the book out because it's really hard to write a book and especially a memoir where you're trying to live it out and then learn the life lessons at the same time. And I'm writing a sequel right now and I'm, let's see, six years into that. So this is not easy. I can write reasonably fast, but when you're doing something like this, where you're trying to learn life-changing lessons in a real way and in an authentic way and then make sense of them, it just takes a long time.
20:56And then you want it to be a hyper palatable read in an afternoon type of experience. That takes a long time. How much of it was caused by, was it Peter Jennings that asked you to do some research or some stories on religion? Did that start your path? Peter Jennings, noted Canadian. For anybody who hasn't heard of him, he was the anchor of World News Tonight, which was the flagship broadcast on ABC News where I worked back in the day. And he was this just legendary figure and somebody I'd watched growing up and really admired. and he became my mentor right around the time of the panic attack. But totally coincidentally, he assigned me to start covering faith and spirituality for ABC News, which I didn't want to do because I was raised by atheists, scientists in the People's Republic of Massachusetts.
21:41I had no interest in the subject, no interest, but he didn't care and forced me to do it and actually turned out to be great. It was through covering faith and spirituality that I ended up stumbling upon a self-help writer by the name of Eckhart Tolle, who also lives in Canada. And Eckhart Tolle, I ended up doing a story about him. Initially, I wasn't interested in him for any personal reasons, but he's very popular among celebrities and he'd been selling millions of books. So it was a sexy story. Although he's not the most telegenic person in the world. He's this elfin, elderly German man who speaks very, very slowly and softly, but he's fascinating.
22:18And in his book, he was the first person I ever heard point out that we have a voice in our heads, that we have a nonstop conversation that's happening all the time that we're mostly unaware of. And because we're unaware of it, it owns us. We're just acting our thoughts out like they're tiny little dictators. My beef with Tully was that I couldn't discern in his book or in my conversation with him that I wrote about in my own book and that I broadcast on television, I couldn't discern any practical advice for dealing with the inner torrent. But after I read Tolley and was whining about my frustration, my wife gave me a book by a guy named Dr.
22:58Mark Epstein, who's a psychiatrist who lives and works in New York. He had written, Mark had a whole series of books about the overlap between modern psychology and ancient Buddhism. And that's how I got turned on to Buddhism and meditation. Mark plays like Tuesdays with Maury role in the book where I'm just touching base with him throughout. And he and I are still very close friends. Okay. So you did this retreat where you had the breakthrough. How would you recommend someone who wants to start meditation get started? I definitely would recommend not starting with a 10 day silent meditation retreat.
23:31I mean, I actually know people who have started that way. Wow. It's a rough ride. You can do it that way, but I want to be clear that it's what we know about the science of habit formation is that it appears that the best route for a human to take, if you want to adopt a habit, is to start very small. So I often recommend that people shoot to start with a minute or two or three of meditation on a daily-ish basis. So to really create some room to mess it up, some elasticity, because it is so hard to create habits. There are some data showing that some gigantic percentage of people who make New Year's resolutions have bailed on them by February.
24:17So that's just indicative of how hard this is. And so given how hard it is, you want to have a sense of exploration and flexibility, maybe a sense of humor as you're doing this. My little slogans are one minute counts daily-ish. That's a great way to start. How long do you think it takes for that habit to stick? This is completely unscientific. My personal observation is generally about a month before people get a sense of, oh, I can see the value for me. This is not like physical exercise where the feedback is immediate. Well, you get some feedback in that it's uncomfortable to do, it feels hard.
24:53but the benefits or the proof that something's happening like sweating or hyperventilating you get from exercise is unlikely to happen immediately in meditation. And if that happens in meditation, something is probably awry. So it takes some faith to say, all right, I'm going to do this thing. The science pretty strongly indicates that it's going to be good for me. I'm going to do this thing. Let's do it for a month. I don't know anybody who's done it for a month and come back to me and said, no, this is bullshit. I think after a month, you'll get a sense of the benefit. The habit part of it is harder because habits, you can make them and then fall off the wagon.
25:31I think you just need to give yourself permission to be messy. And life happens and your practice might fade for a while, but nothing's been lost. You can start again. Do you think there's a best time of day to meditate? I don't. Some people will say you should do it in the morning. But if you're not a morning person, that's going to make it even harder. And given how hard it is to start a habit, I don't want you cutting against the grain. I think you should experiment, get a sense of what time of day works for you. One habit hack is, it's called piggybacking. And this comes out of the literature around human behavior change, is that if you've got an existing habit, brushing your teeth, for example, you can piggyback a new habit on top of it.
26:13Brushing your teeth can become a cue for, oh, I'm going to do two minutes of meditation before or after. Exercise, if you've got an exercise habit up and running, maybe you tack on two minutes of meditation at the end of that. So that's one little hack. So you recently interviewed on your podcast, our good friend, Hal Hirschfield. So that's the inspiration for this question, because you also wrote about how your brain is fixated on the past and the future to the detriment of the here and now, now we're financial advisors, in our world, many people spend much of their time and money in the today at the expense of the future.
Read the full transcript
26:52Do you have any sense of how meditation can help with that? Yes. And I guess that can seem confusing because here I am extolling the virtue of the present moment because that's the only time it ever really is. But that doesn't mean you should be reckless and spend all of your money right now like you're going to die tomorrow or do a bunch of drugs because there's no consequences. So I think hopefully people can hold these two ideas in their head at the same time. Where I think meditation might be useful in terms of having a better relationship with your future self, which is what Hal Hirschfield talks about, his whole idea is that if you can create a relationship, and that might seem like a weird concept, to create a relationship with the future version of you, then you're more likely to make investments now that will pay off for that future version of you.
27:45Exercise, saving your money. And what mindfulness meditation can do for you is to help you with impulse control. You can see, oh yeah, I have this desire to eat a whole sleeve of Oreos or to say something that's going to ruin the next 48 hours of my marriage or buy this thing online that's unreasonably expensive and I have no need for. You might learn to watch those urges arise and pass. I think even though there's a way to frame this question that makes it seem like these ideas are diametrically opposed, I don't think they are. Love it. In the book, you refer to the comparing mind and the wanting mind.
28:23How do you think meditation can help with social comparison and conspicuous consumption? Two huge problems. Social comparison is put on steroids by social media. I'm not anti-social media per se, but all new technologies can have negative externalities. And this is a big one. Comparing mind, it's a Buddhist term of art, but it's that state of mind we get into when we think our lives suck because we don't have what our neighbor has or what our influencer who's currently on our scroll has. And it's a really painful state of mind. I think meditation is useful because it gives you self-awareness. You don't want to be stuck in a painful state of mind, unaware that you're in it and then acting out of it.
29:05So to be able to notice, oh yeah, this pain, this miasmatic ambient suffering that I'm in right now is because I'm on hour three of looking at the abs of some influencer. And this is a ridiculous way to spend my time. And that's why I'm unhappy right now. I don't need to go on some extreme unhealthy diet. I don't need to kick the dog. I don't need to binge eat out of some perverse self-soothing impulse. And the same with consumption. Eating is a form of consumption. By the way, I'm very pro-eating and very anti-trying to wrench your body into a certain shape. I don't think that's wise. But we can take any healthy form of consumption and turn it into something unhealthy, whether that involves money or food or alcohol or drugs or whatever it is.
29:56I think there are healthy levels of consumption and then unhealthy levels of consumption. And often we tip into the ladder because of mindlessness. We don't know that we've got some painful mind state going on that we're trying to self-soothe. I was interviewing somebody on my podcast just yesterday. We haven't posted it yet, but the interview was just yesterday. Emma Seppala. She's a Yale professor. She's an expert in happiness. And she was talking about The fact that the average human basically gets no education in emotional regulation. We are swapped by emotions all the time. It's just a non-negotiable part of being alive.
30:38We have emotions, but we're not taught how to deal with them. And so we end up mindlessly behaving in ways to compensate for or soothe these emotions. And it gets us into a lot of trouble. I have to ask you, how is your personal meditation practice? and has it influenced your financial decision-making? For me, one of my Achilles heels, psychologically speaking, is fear and anxiety around money. I'm pretty sure as I tell the story, I think it'll make it quite clear that this is, I don't think armchair psychology. I think there's some inherited trauma here. Half my family is the Russian Jews who came to the United States in the early 1900s, escaping the pogroms.
31:22One of these characters is a guy named Arthur Leibovitz. He comes to the United States in his teens or early 20s, somehow escapes the Russian pogroms. And this is not the most welcoming environment. And he's a real hustler. He changes his last name to LeBow, I think, because it sounded French. He engages in a bunch of failed businesses. He has a grocery store, ultimately becomes a bail bondsman and a crook. He's putting up his friends and relatives' homes as collateral for these bail bonds. And he does this for a notorious con man who then jumps the bond. He goes on the lam. The FBI investigates.
32:03And my great-grandfather, Arthur LaValle, knows he's about to lose all of his money and freedom and kills himself in the family kitchen by putting his head in the oven. There are newspaper articles about this guy. As a graphic story to say that it helps me understand why I, as somebody, I have plenty of money, but it is a huge source of anxiety for me. Still, I find myself irrationally making these mental movies about how I'm going to lose everything. And I think that's part of my conditioning and I need to not be owned by it. And just to be self-aware and have some warm, nonjudgmental awareness of this psychological pattern in my head.
32:41And also to try to be careful to not put myself over my skis. So in other words, to do my best not to exacerbate this ancient primordial psychological pattern in my mind. This self-awareness leads me to be reasonably conservative so that I don't unnecessarily wake up in the middle of the night worrying about losing the house. I do that anyway, but I try not to make crazy, risky investments because I know it would be aggravating a preexisting tendency. Makes a lot of sense. Maybe to generalize from that, how do you think people can apply the principles of 10 % happier to their financial lives? There are some great experts I would recommend.
33:22One name that's coming to mind, Spencer Sherman is his name. He's a Buddhist financial advisor, and he's way better at this than I am. But I really do think it's about learning through meditation to supplely manage your emotions so that you're not making rash decisions. I have all sorts of complex, stormy emotions, fear and anxiety around money. I don't want to let that pain govern all of my decisions. And having the self-awareness that I can generate through meditation really is useful. And I think whatever your neuroses are around money, developing a friendly relationship with them, being able to see them clearly, I think that's one route toward some level of financial stability.
34:16Also, I would say for lay people like me, just listen to your financial advisors. Save regularly and harness the power of dollar cost averaging. Don't look at your balance sheet too often. That's personally what I do because I know what's going to help me stay steady. That's where I was going to go. That's so fascinating, Dan, because those are great ideas to help the investor. I'm wondering about the benefit of mindfulness and meditation for the advisor to better help the client? One of the things that I think happens through meditation is that the more visibility you get into your neuroses, and we all have them, the more comfortable you can get with your own.
34:58In my experience, that inexorably leads to more empathy for everybody else's baggage. I have to imagine that would be very useful when dealing with people on this very sensitive subject because I would imagine I'm not a financial advisor and that's a good thing because my math skills are terrible. But I would imagine you're seeing people in dysregulated states because this is sensitive stuff. And the empathy that can be developed by understanding what it's like to feel that way on your own and then being able to understand what's going on for somebody else. I have to imagine that would be useful.
35:33I would tend to agree with that statement. Absolutely. We live that. Everything you said is absolutely correct. How much agency do you think people have to affect their own personal happiness? A non-trivial amount, a significant amount. Back to this observation from the Buddha about the fact that we live in this giant fluxing gumbo of conditions. Most of them are out of our control. It's an entropic universe. And so just to recognize that there are a lot of things that you can't manage and determine the outcome. If you believe in enlightenment, which jury's out on that for me, but that would be the difference between 10 % happier and 100 % happy.
36:18Not even 100 % happier. It's 100 % happy that you can be happy irrespective of the conditions. You can be happy, as my friend Sam Harris says, happy before anything happens. because you have completely let go. There's no more clinging. That doesn't seem available to me personally. But I do believe that you can get 10 % happier. Obviously, that number is a joke, but it's roughly true. And like any good investment, it compounds annually. You're building these skills and you just get better and better. And it doesn't go in an unbroken hockey stick upward trajectory. It's bumpy and blurry. And you're going to have often two steps forward one step back because most likely you'll be buffeted by some exogenous event or some chemical change in your own brain or some health disaster for you or somebody else.
37:10This is what life is all about. But I think you can get generally better over time at handling all of life's vexations with the caveat that so much is out of your control. And then the caveat to the caveat is that you can get better at existing in a universe where things are less in your control. It's funny you say that 10 % happier is a joke, but I find the name, frankly, brilliantly compelling. Thank you. That's the big takeaway that I was reminded by the book is that I'm not some sort of weird woo-woo person here. You're saying, look, it makes sense. Try it and make you a bit happier. Question I have for you, I think you said in the book that happiness is a skill you can develop.
37:48So how can people build that skill to continue to be happier through their life? I think of seven or eight no brainers in this regard. We're talking a lot about meditation. The book was really a lot about meditation. Also, therapy is another modality that I talk about in the book. But it's been 10 years since the book came out. I just put out a revised 10th anniversary edition. And so I've been thinking about what's changed in the world and in my life since then. And one of the big things that has changed in my life is that I host a podcast and I've done more than 600 episodes. and I talk to experts in all areas of the human condition.
38:24And it's just more and more true to me. The animating insight of this whole hitherto side hustle and now main job for me, the animating insight that got me out of the TV news business and into this thing is that the mind and the brain are trainable. And there are many ways to do it. So meditation is one, but I'm not a meditation. fundamentalist. I think there are many others. I mentioned therapy for sure. Nature has been shown to have a lot of impacts on your happiness. Absolutely. Sleep is a huge one. I think of that as the apex predator of healthy habits. If you're not getting enough sleep, nothing else works.
39:05Diet is huge, but with the caveat that you don't want to get too crazy about that because that's an area where you can do a lot of unhealthy suffering. Exercise, same caveat. And then I would say the most important variable, and this is a data-backed assertion I'm about to make. It's interesting because I talk about this a lot, and this is the thesis of my next book. We live in an era of optimization. A lot of people are tracking their sleep numbers and counting their calories and trying to achieve ketosis. And it's this very compulsive era that we're living in where people are trying to improve their health in ways that I think speak to the anxiety of the age, because this is the thing we can control in a world where everything seems really scary.
39:51But anyway, if we're in this mode of optimizing, what the data show is the most important variables, not sleep, exercise, diet, the most important variable, if you want to be healthy and happy and successful, is the quality of your relationships. Again, I'm not making this up. This is what is shown in the research. And what's the mechanism for this? Stress is generally what kills us. And the best stress reduction technique is positive relationships. There's an expression from Robert Waldinger, who is this incredible researcher. His expression is, never worry alone. By the way, that's a great part of the role of a financial advisor, is that you can be a worry partner for somebody.
40:31And that's certainly true with me and my wife and our financial advisor, who's amazing. Shout out to Patrick. If you're asking, what can you do to get happier. Those are some of the biggies. And I would say the one not to sleep on to be a little cute, the biggest is the quality of your relationships. Yeah, that's great. Really, really good points. Relationships are huge. I want to come back to your story as we get near wrapping up here. How did you decide to leave your job at ABC News and dedicate yourself to this 10 % happier thing? I wish I could say it was some big stroke of bravery, but it was a math thing.
41:06just became clear that I could afford to do it. There's a pretty good argument to be made that I should have left years ago because there was an overlap of about seven and a half, almost eight years. Book came out in 2014. I left toward the end of 2021. I was definitely doing too many things. There was a period of time where I was the anchor of two shows at ABC News, also traveling all the time to cover investigative stories and breaking news, also traveling to give speeches about meditation, writing more books about meditation, hosting a podcast and co-founding a venture-backed company that had a meditation app.
41:43We also had a baby during this period of time. I took on too much and it was a mess. I made a mess. And a lot of this was out of the fear that I talked about before that Arthur LeBow is in my molecules. So I finally got my shit together and left in 2021. ABC News, Disney, they were really gracious about it. It was very unusual for somebody to come and say, can you just let me out of my contract midway through? But they were cool about it. There are aspects of being on the news that I really miss. Chief among them, my colleagues. I'm still very close with people that I used to work with. But to open my calendar day to day and see that, first of all, I have total control over it.
42:19I'm really focused on things that are clearly important to me. That's quite liberating. What's been your biggest learnings about living a good life since you wrote the book a decade ago? I fear I'm going to be repetitive, but I was overlooking, and there's a reason why I'm getting dogmatic and emphatic about the relationships piece, that I was overlooking in a massive way. And that's a big part of why I stepped down. People often step down from big jobs and say, I'm doing it to spend more time with my family, and usually that's bullshit and they've gotten fired. But in my case, that's exactly what was going on.
42:55And not only my family, but my friends in that era, in that decade or so when I was working, doing all those jobs I just listed for you, a lot of my very close friendships atrophied. They didn't go away. It's not like that we no longer loved each other, but I wasn't seeing people. And so for me, a huge priority is time with family and friends. And I approach it just the way I do exercise or meditation or any of my other practices. and I can feel it because I have a little bit more self-awareness these days. I can feel it, even when I don't want to go to a party. I mean, I pretty much say yes to everything now, but even when I don't want to go to a party or a dinner or whatever it is, I'm an extrovert.
43:34I get so much energy out of that. I will say to introverts, you still need human contact, just less. You mentioned the 600 or so podcast episodes that you've done. When you look back, which of your past podcast guests have had the biggest impact on you personally? Well, mathematically, it's very clear that the Dalai Lama who's come on the show many times is the most popular with the audience. And he has had a huge impact on me in many ways. I mean, not that I have much of a relationship with him because he's been interviewed a million times. So I don't know if he would be able to pick me out of a lineup, but I've interviewed him three or four times.
44:11And those are the most popular episodes we've ever done. I'll say one thing that he said that has been hugely influential for me, wise selfishness. We're all selfish by nature, how we are designed. And yet, if you want to do selfishness correctly, you will develop a generous, compassionate, altruistic mindset, because that is the most abiding form of human happiness. That is how we were designed to be in contact with other people. I often use as an example, what's it like if you're paying attention while you hold the door open for somebody. Just that little moment, very mundane. But if you're paying attention, that feels quite good.
44:51It's infinitely scalable. And so that's why selfishness, that's had a real impact on me. But the guest who really has had the most impact on me, a repeat guest who's probably the second most popular guest, and this is somebody I really do have a deep personal relationship with, is a meditation teacher named Joseph Goldstein, who is featured quite prominently in my first book. And he's the guy who's teaching the retreat that I went on my first retreat. He's very funny. He's about to turn 80. After the book came out, and I described this big meditative moment for me, he was back at the meditation retreat center where it happened.
45:27And he sent me an email saying, I'm back at the scene of your great awakening. I can't believe they haven't put up a plaque, which is typical Joseph. Joseph is an extraordinary human being. And unlike the Dalai Lama, he doesn't wear robes. If you walked into a room, you wouldn't think, oh, this is some great spiritual master. But he truly is a unique human being. I'm editing myself a little bit because he doesn't like when I praise him too much. That's the only thing I've ever seen him get irascible about is when I say when I'm too nice about him. He helped me co-found the company, the meditation app.
46:02I have seen him in a business context. I've been in a creative context with him, creating a lot of how to meditate courses for the app. He has slept over at my house many times. I have gone on retreat with him many times. We've been to parties together. He's a huge part of my life and he's never let me down. He's just an incredible person. I'm almost done. But there's a great expression, not from Joseph. I think it's from a teacher named Shinzen Young, the soft sermon of your pores, meaning you're not speechifying through your words. It's just how you are in the world. And being up close with somebody like Joseph, who's meditated, and he's right now, every year, does a three-month silent solo meditation retreat.
46:44This is a guy who's been meditating at a pretty high level for 60 years nearly. Being in his proximity, hearing the soft sermon of his pores for this period of time has been tremendously impactful for me. It gives me a lot of faith or confidence, which is a word that keeps coming up. Yeah, just keep going. I'm still a mess. I retain the capacity to be a schmuck in many, many ways. And that can be discouraging. But I look at that guy and I'm like, oh, yeah, I don't know. I'm probably not going to get that far in my lifetime. But that's what's on offer here. And one of the amazing things about hosting my podcast is that I'm speaking to people like Joseph and the Dalai Lama all the time.
47:23That's my job. And so I'm on an IV drip of faith and confidence and inspiration. Yes, the mind is trainable. I may be a tough case, but you can go pretty far. How impactful do you think your app and the courses in the app have been on the users of the app? I mean, I only have anecdotal evidence, but for sure, people using the app and people listening to the podcast, I hear things all the time where people, either I'm reading comments that are posted online or in the podcast players in the app store, or people come up to me in airports or on the street. And it's very positive. It's interesting because I was, I guess, something of a public figure before all of this, you know, as a newsman.
48:03And that was cool. People occasionally stopped me in the airport and that was fun. But this is completely different. Often people are crying because it's a much more intimate relationship. I'm talking about things that are much closer to the bone. Yeah, so I get a lot out of that. Our final question, Dan. How do you define success in your life? I wish I had a pat answer to that. You would think that that would be something that I would have thought about. I definitely have thought about it, but I don't have a one-liner. For me, right now, what's coming up when I think about success, I can't say too much about this publicly, but I'm at a bit of a crossroads in my own professional life.
48:41There is actually a little thing that I say to myself. if it's the first thing I say in the morning, actually, is to make awesome shit that helps people do their lives better. That's really what I want to do. Make great content that is useful to people to be able to pay my bills in the process. Love it. Well, I'm an avid listener of your podcast. It is wonderful. Everyone should listen to it. And your book is also incredible. So thank you for saying yes to coming and joining us. This has been an awesome experience. And as for me too, thank you very much for having me. I appreciate it. Thank you.
From the publisher
In this episode, we delve into the world of mindfulness and meditation with renowned author and meditation advocate, Dan Harris. In our conversation, Dan shares his personal journey from a high-stress career in the news to discovering the transformative power of mindfulness meditation. We explore Dan's best-selling book, 10% Happier which chronicles his exploration into mindfulness practices after experiencing a panic attack on live television. We discuss how Dan's quest for inner peace led him to explore meditation, the core principles of Dan's 10% Happier philosophy, and how mindfulness can lead to incremental but significant improvements in happiness. Discover why Buddhism is a religion that skeptics can line up behind, the intersection of mindfulness and financial decision-making, and the importance of empathy and self-awareness for financial advisors. Gain insights into applying mindfulness principles to everyday life, strategies for building the skill of happiness, the basic steps to start meditating, and much more! Join us on this insightful journey as we explore how mindfulness can truly transform lives and empower individuals to live with greater purpose, happiness, and fulfillment with Dan Harris!
Key Points From This Episode:
(0:04:49) Dan shares his journey from a high-stress career in news to discovering mindfulness meditation.
(0:06:48) What mediation is, why he initially thought it was nonsense, and why he changed his mind.
(0:09:11) Unpack the idea of mindfulness and the science that backs up the claims.
(0:11:22) The main thesis of Buddhism and its link to meditation.
(0:14:02) How mindfulness can help manage emotions, improve focus, and enhance relationships in everyday life.
(0:15:48) He shares how difficult it was for him to embrace the concept of meditation.
(0:21:12) Discover what motivated him to explore meditation and mindfulness practices.
(0:21:12) Recommendations to start meditating and how long it takes to form a habit of it.
(0:26:56) Insights on applying mindfulness principles to financial decision-making.
(0:28:29) Explore the benefits of meditation for the comparing mind and the wanting mind.
(0:30:59) How mindfulness meditation has influenced his financial decision-making.
(0:33:20) The principles of 10% Happier from the perspectives of a client and advisor.
(0:35:45) Strategies for making your own happiness and cultivating contentment.
(0:41:03) Transitioning from a career in news to focusing on mindfulness advocacy and podcasting.
(0:42:32) His biggest lessons since writing the book and his most influential podcast guest.
(0:48:26) Hear about Dan's version of success and happiness.
Links From Today's Episode:
Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.
Rational Reminder Website — https://rationalreminder.ca/
Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/
Rational Reminder on X — https://twitter.com/RationalRemind
Rational Reminder on YouTube — https://www.youtube.com/channel/
Rational Reminder Email — info@rationalreminder.ca
Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/
Benjamin on X — https://twitter.com/benjaminwfelix
Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/
Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/
Cameron on X — https://twitter.com/CameronPassmore
Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/
Dan Harris — https://danbharris.komi.io/
Dan Harris on X — https://twitter.com/danbharris
Dan Harris on Instagram — https://www.instagram.com/danharris/
Dan Harris on Facebook — https://www.facebook.com/DanHarrisABC
Dan Harris on YouTube — https://www.youtube.com/c/TenPercentHappier
Dan Harris on TikTok — https://www.tiktok.com/@danbharris
10% Happier — https://www.tenpercent.com/
Ten Percent Happier Podcast — https://www.tenpercent.com/podcast
'Finding and Funding a Good Life' — https://www.pwlcapital.com/finding-and-funding-a-good-life/
Dan Harris: Celebrating 10 Years of 10% Happier — https://www.symphonyspace.org/events/vp-dan-harris-10-happier-10-year-anniversary
Emma Seppälä — https://www.emmaseppala.com/
Dalai Lama — https://www.dalailama.com/
Joseph Goldstein — https://www.dharma.org/teacher/joseph-goldstein/
Books From Today's Episode:
10% Happier — https://www.goodreads.com/en/book/show/18505796
