Episode 49

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Published on:

22nd Nov 2021

The Damaging Consequences of Loneliness and What You Can Do About It | E49 Michael Bauman

In this extraordinary era of pandemic isolation, it makes sense that people are feeling more alone than ever. Although stay-at-home orders and social distancing exacerbated loneliness, this trend started way before COVID.

This rise of loneliness has caught the interest of many health professionals and is now being labeled as the new smoking. Cited as being as lethal as smoking 15 cigarettes a day, that has me wondering what’s changed and more importantly, what can we do about it?

Sharing his insight today is Michael Bauman, who is a Loneliness Entrepreneur Coach and Host of the Success Engineering podcast. Michael uses his knowledge of the neuroscience around loneliness and social connection, along with his personal experience feeling isolated as a business owner, to help entrepreneurs feel like they are not alone.

In this episode, Michael shares why social connection is biologically so important, the factors that have led to the increase in feeling isolated, and actions we can take to begin overcoming loneliness.

 

Key Takeaways:

[2:03] What is loneliness and how has it changed over the last 35 years

[12:12] Use internal and external actions to overcome loneliness

[17:00] What could be changed about Maslow’s hierarchy of needs 

[23:08] The rise of individualism coincides with loneliness in the US

[27:21] How Michael sees loneliness in the different countries he has lived

[32:52] Raising kids with the balance of performance and play

 

More of Michael:

Success Engineering

 

Mentions:

The Danish Way of Parenting: What the Happiest People in the World Know About Raising Confident, Capable Kids by Jessica Joelle Alexander

Dr. Dan Siegel: https://drdansiegel.com/

Start with Why by Simon Sinek

Tiny Habits: The Small Changes That Change Everything by BJ Fogg

 

More of TSIR:

Find show notes and more at https://www.tsirpodcast.com/

Follow us on Instagram at https://www.instagram.com/tsirpod/

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About the Podcast

FI Minded - Financial Independence, Early Retirement & Lifestyle Design
Achieve Financial Independence & Have Fun Doing It
Pursuing financial independence, financial freedom, or early retirement often leads to the same questions: How do I become financially independent? How much should I save? What happens after I reach FI?

FI Minded helps you use money to create more freedom, without turning your entire life into a financial optimization project.

Host Justin Peters explores the decisions behind building a flexible, work-optional life, from reaching financial independence and navigating Coast FI and Slow FI to spending your money, changing careers, stepping away from work, and figuring out what comes after FI.

Each episode combines practical personal finance with conversations about early retirement, lifestyle design, work, spending, healthcare, self-employment, and life after financial independence. The goal isn't simply to reach FI as quickly as possible. It's to make progress toward financial freedom while actually enjoying your life along the way.

On FI Minded, you'll learn how to:
- Reach financial independence without burning out
- Build a flexible, work-optional lifestyle
- Navigate Coast FI, Slow FI, and other paths to FI
- Make smarter decisions about spending and saving
- Prepare financially and emotionally for early retirement
- Figure out what life can look like after financial independence
- Think through the tradeoffs behind major money and lifestyle decisions
- Make progress toward financial independence while actually living your life.

Some of our past guests include Carl Jensen (1500 Days), Jeremy Schneider (Personal Finance Club), Nick Loper (Side Hustle Show), Andrew Giancola (The Personal Finance Podcast), Jordan Grumet (Earn & Invest), Rachael Camp (Work Optional), Jillian Johnsrud (Retire Often), Sean Mullaney (FI Tax Guy), Jill Sirianni (Frugal Friends), Jackie Cummings-Koski (Catching Up to FI), Joel Larsgaard (How to Money), Cody Garrett (Measure Twice), Jesse Cramer (Personal Finance for Long-Term Investors), Jess (The Fioneers), Chris Hutchins (All The Hacks), Diania Merriam (EconoMe), Andy Hill (Marriage Kids Money), Fritz Gilbert (Retirement Manifesto), Maggie Tucker (Inside Out Money), Cody Berman (The Financial Independence Show), Joe Saul-Sehy (Stacking Benjamins), Doug Cunnington (Mile High FI), and and others helping you rethink how to approach financial independence.
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