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Feelings and headlines can easily influence the choices we make with money—often at our own expense. I walk through how relying on stories or vibes (instead of cold, hard stats) can impact everything from investment picks to whether you stick with a high-value loan strategy like PSLF. We get into cognitive biases that trip up even the smartest people, dig into major financial opportunities that exist in obscure rules (like the Augusta Rule), and break down how “bad trades” happen when you don’t understand the real value of what you have.
Key moments:
(06:28) What commitment bias, anchoring, confirmation bias, and loss aversion do to your investment choices
(13:11) The Augusta Rule explained: rent your home up to 14 days a year, tax-free
(17:37) The Vanderbilt hat trade: refinancing federal loans you shouldn't, selling at a loss, and chasing salary without weighing benefits
There’s no one-size-fits-all for wealth. Get the plan that fits you. Try SLP Wealth risk-free!
Like the show? There are several ways you can help!
By Meagan McGuire4.6
2424 ratings
Feelings and headlines can easily influence the choices we make with money—often at our own expense. I walk through how relying on stories or vibes (instead of cold, hard stats) can impact everything from investment picks to whether you stick with a high-value loan strategy like PSLF. We get into cognitive biases that trip up even the smartest people, dig into major financial opportunities that exist in obscure rules (like the Augusta Rule), and break down how “bad trades” happen when you don’t understand the real value of what you have.
Key moments:
(06:28) What commitment bias, anchoring, confirmation bias, and loss aversion do to your investment choices
(13:11) The Augusta Rule explained: rent your home up to 14 days a year, tax-free
(17:37) The Vanderbilt hat trade: refinancing federal loans you shouldn't, selling at a loss, and chasing salary without weighing benefits
There’s no one-size-fits-all for wealth. Get the plan that fits you. Try SLP Wealth risk-free!
Like the show? There are several ways you can help!

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