The Debt Free Dad Podcast

194. Do You Have Personal Finance Herd Mentality?


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Welcome to episode #194 of the Debt Free Dad Podcast. So, what exactly is herd mentality? Well, to put it simply, it's the phenomenon where people tend to follow the crowd or conform to the behavior and opinions of the majority, often without critically evaluating their choices. Perhaps it's that instinct to buy that car or product just because "everyone else is doing it." Or do you find yourself saying things like "There is no way to get a college education without student loans" or "Used cars are a bad idea due to repairs" or "credit cards are for emergencies, you'll always have one!" In this episode, we'll examine real-world examples of herd behaviors when it comes to your personal finances, both positive and negative and offer suggestions on how you can overcome this in your life.

What You'll Learn

  • Are you tired of making financial decisions based on what everyone else is doing? Learn to break free from the cycle of blindly following the crowd.
  • Explore the episode where we challenge conventional wisdom and question common financial norms.
  • Dive into real-world examples of both positive and negative herd behavior in personal finance. Hear stories of individuals who successfully resisted the temptation to conform and those who faced challenges due to following the crowd.

Resources Mentioned

Get better results with your finances in 30-60 days - GUARANTEED. Watch this video to learn how! - https://www.debtfreedad.com/payoff-debt-in-60-to-90-days 

  • The Totally Awesome Debt Freedom Planner
  • For more help, and a step-by-step process to get started, enroll in Brad's FREE online course, LIFE WITHOUT PAYMENTS.

Free Tools and Downloads at www.debtfreedad.com

Connect With Brad

  • Website - https://www.debtfreedad.com
  • Facebook - https://www.facebook.com/thedebtfreedad
  • Private Facebook Group - https://www.facebook.com/groups/lifewithoutpayments
  • Instagram - https://www.instagram.com/debtfreedad/
  • TikTok -

Support the show

The Totally Awesome Debt Freedom Planner https://www.debtfreedad.com/planner

Connect With Brad

Website- https://www.debtfreedad.com
Facebook - https://www.facebook.com/thedebtfreedad
Private Facebook Group - https://www.facebook.com/groups/debtfreedad
Instagram - https://www.instagram.com/debtfreedad/
TikTok - https://www.tiktok.com/@debt_free_dad
YouTube - https://www.youtube.com/@bradnelson-debtfreedad2751/featured

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The Debt Free Dad PodcastBy Brad Nelson

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