Behavior Gap Radio

Saving Tail Wags the Spending Dog by Carl Richards: Human Behavior, Creativity, Behavioral Finance

For real financial advisor we often have to walk a fine line between our opinions and what clients tell us they want to do. But we need to remember, our values don't trump our clients'. Of course, we need to give the best advice possible. But if two options exist and a client prefers one and we prefer the other, we shouldn't try to force our preference on clients. To learn more about being a real financial advisor, sign up for the Behavior Gap Newsletter at behaviorgap.com.

One of the hardest things for humans to do is allow a little slack in our systems. Of course, we should be going all the time. We're wasting time if we don't...except it leaves no room to avoid burn out. What happens when we add some slack and give ourselves room to breathe, to reinvest? To learn more about being a real financial advisor, sign up for the Behavior Gap Newsletter at behaviorgap.com.

In this final episode of my series on humility, I think it's time to address the hidden fear of many advisors. Here it is: humility is NOT a weakness. I know, mind boggling. But I know from personal experience that we fear admitting we don't know something because we'll look, well, you name it, dumb, incompetent, and yes, weak. It's time to recognize that humility is a tool that will help us do a better job as advisors. To learn more about being a real financial advisor, sign up for the Behavior Gap Newsletter, behaviorgap.com

Using Humility As a Tool by Carl Richards: Human Behavior, Creativity, Behavioral Finance

Real financial advisors are asked to help clients navigate complicated systems that we aren't even sure the creators of those systems understand. Tony Isola's recent post inspired me to for this latest edition in my series on humility. To learn more about being a real financial advisor, sign up for my newsletter at behaviorgap.com.

1. Humility, With a Touch of Awe (http://tonyisola.com/2016/09/humility-with-a-touch-of-awe/)

Watching Grass Grow by Carl Richards: Human Behavior, Creativity, Behavioral Finance

Values-Driven Budgeting by Carl Richards: Human Behavior, Creativity, Behavioral Finance

Practicing humility means we need to address the confirmation bias head on. After all, if we're only reading, hearing, and seeing a point of view that we agree with, it's hard to learn something new or see where we might be wrong. To learn more about being a real financial advisor, sign up for my newsletter at behaviorgap.com.

Revisiting What It Means to Let Go by Carl Richards: Human Behavior, Creativity, Behavioral Finance