Not Your Average Financial Podcast™
Episode 226: [Toolbox] Three Biases That Sabotage Your Finances and One Weird Habit to Find Real Wealth in 2022
In this episode, we ask:
- What’s your attitude about money?
- Who is generous?
- Who is risky?
- Who is trading?
- Who is hoarding?
- What is your bias?
- What did Morning Star’s bias study say?
- What is present bias?
- What is base rate neglect?
- What about loss aversion?
- What about confirmation bias?
- Would you like to hear Episode 108?
- Would you like to hear Episode 13?
- What about overconfidence bias?
- What about the Lake Woe-be-gone effect from Prairie Home Companion?
- Who is actually above average in their ability?
- What about statistical impossibilities?
- What about mutual funds?
- What did Ray Dalio say about overconfidence and being wrong?
- What about humility?
- What about setting expectations?
- Do you have an outsider’s perspective?
- What about anchoring bias?
- What about rigorous critical thinking?
- How can you tell if something is overpriced or not?
- What about the bandwagon effect?
- How do these effects show up in IPO releases?
- What should investment decisions be based upon?
- Who is a part of the herd?
- What about the financial power of gratitude?
- What about decision making while afraid?
- Does emotion impact our financial life?
- What does uncertainty lead to?
- What does gratitude lead to?
- What are you grateful for?
- What about volatility?
- What about compassion?
- What about family conversations?
- What about a reciprocity ring?
- What about meditation?
- What about a daily gratitude journal?
- What about a meditation practice?
- What about putting fears in check?
- Wishing you all the best in 2022!