The FI Guys

055FF: Avoid Manipulation by Understanding These Cognitive Biases | I Saved SO Much Money Living in My Car for Six Months


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In this conversation, Chris and Dominic recap their previous episodes on cognitive biases and discuss the importance of understanding these biases to avoid being manipulated. They cover biases such as contrast misreaction tendency, social proof, stress influence tendency, and use it or lose it tendency. They also touch on the power of comparison, the impact of adrenaline on decision-making, and the importance of repetition in learning. The conversation takes some humorous tangents, including discussions about looting, camping, and feeding dogs table scraps. They also reflect on the concept of minimalism and the idea that abundance is not measured by possessions. They share their wins of the week, including Dominic's job promotion opportunity and Chris's decision to prioritize sleep and self-care.

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⏰ Timecodes ⏰

00:00 Introduction and Recap

02:42 Contrast Misreaction Tendency

07:48 Social Proof Tendency

14:12 Stress Influence Tendency

18:13 Use It or Lose It Tendency

25:59 Treating Pets as Little Humans

30:23 Living in a Car: Financial Freedom

33:14 The Importance of Sleep

37:09 Questioning Societal Norms

55:34 Disclaimer at the end .m4v

#manipulation #financialfreedom #selfcare


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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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