The FI Guys

055: Psychological Tricks that are Costing You Money and Your LIFE (Part 2)


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Join Dominic and Chris Monzon in this part 2 as they continue to explore cognitive biases and their impact on decision-making. From loss aversion to social proof and more, they discuss how biases shape our choices in investing and everyday decisions. They also examine how stress and adrenaline affect decision-making, urging listeners to question their thinking and avoid common cognitive traps. Tune in for practical insights into improving decision-making by understanding these powerful psychological influences.


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⏰ Timecodes ⏰

00:00 Introduction and Overview

06:51 Loss Aversion and Social Proof Tendency

11:28 Contrast Misreaction Tendency and Stress Influence

31:31 The Influence of Adrenaline on Decision-Making

37:08 The Tendency to Choose What is Easily Accessible

46:23 Use it or Lose it Tendency

53:50 The Impact of Drug Misinfluence Tendency

01:01:17 One Track Mindedness

01:04:56 Authority Misinfluence Tendency

01:19:42 The Reason Respecting Tendency

#moneymindset #psychology #decisionmaking


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Disclaimer: The FI Guys is a podcast dedicated to providing general information and insights on a wide range of wealth-related topics. The views and opinions expressed in this podcast are those of the hosts and guests and do not constitute personalized financial advice.
The content provided in this podcast is for educational and informational purposes only. It should not be considered a substitute for professional financial advice. Your financial situation and goals are unique, and the information provided here may not be applicable or suitable to your specific circumstances.
We, the hosts and guests on The Fi Guys are not acting as your financial advisors. We are not aware of your individual financial situation, risk tolerance, or investment objectives. Any decisions or actions you take based on the information provided in this podcast are your own and made at your own risk.
The content in this podcast is for informational purposes only and should not be considered financial advice. We do not endorse specific products or services. Past performance doesn't guarantee future results. The opinions expressed are those of the hosts and guests, not the podcast sponsors.
It is crucial to consult with a qualified financial advisor or professional who can provide advice tailored to your specific needs before making any financial decisions, investments, or taking any other actions. If you are seeking specified help, you can reach out to Chris at https://www.monzonwealth.com/

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