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In this conversation, Chris and Dominic discuss various psychological biases and tendencies that can impact our financial decisions. They highlight the importance of being aware of these biases and offer insights on how to overcome them. The main themes covered include reward and punishment bias, envy and jealousy bias, inconsistency bias, excess self-regard bias, and the importance of knowing oneself and setting meaningful goals. Additionally, they discuss the importance of self-perception and mindset in overcoming challenges and achieving success. They emphasize the need to let go of excessive self-regard and ego, and instead focus on personal growth and improvement. They also explore the concept of reciprocation tendency and how it can be used to manipulate others.
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02:58 The Power of Incentives: Reward and Punishment Bias
09:28 The Dangers of Envy and Jealousy in Financial Matters
18:47 Overcoming Inconsistency Bias for Better Financial Habits
28:39 The Pitfalls of Excess Self-Regard in Financial Decision-Making
37:04 Knowing Oneself and Setting Meaningful Goals for Financial Success
44:46 Viewer mailbag
55:43 Win of the Week
In this conversation, Chris and Dominic discuss various psychological biases and tendencies that can impact our financial decisions. They highlight the importance of being aware of these biases and offer insights on how to overcome them. The main themes covered include reward and punishment bias, envy and jealousy bias, inconsistency bias, excess self-regard bias, and the importance of knowing oneself and setting meaningful goals. Additionally, they discuss the importance of self-perception and mindset in overcoming challenges and achieving success. They emphasize the need to let go of excessive self-regard and ego, and instead focus on personal growth and improvement. They also explore the concept of reciprocation tendency and how it can be used to manipulate others.
🔔 Subscribe for More Content:
📌 Connect With Us:
WebsiteMonzon Wealth
Facebook
Instagram
Twitter
LinkedIn
📧 Contact Us:
💬 Leave a Comment:
02:58 The Power of Incentives: Reward and Punishment Bias
09:28 The Dangers of Envy and Jealousy in Financial Matters
18:47 Overcoming Inconsistency Bias for Better Financial Habits
28:39 The Pitfalls of Excess Self-Regard in Financial Decision-Making
37:04 Knowing Oneself and Setting Meaningful Goals for Financial Success
44:46 Viewer mailbag
55:43 Win of the Week