Did you know that financial planning is more emotional than it is financial?  That your cognitive biases help to shape your lifestyle and financial decisions?

Daniel Crosby is a psychologist and behavioral finance expert who wrote the book on investor and financial psychology that dovetails into our individual biases.  In our conversation, we talk about Daniel's New York Times best-selling book, The Behavioral Investor, where Daniel lays out the four consistent types of behavioral risks - Ego, Emotion, Attention, and Conservatism underpinning our psychological makeup.

We also discuss the impact that COVID has had on our cognitive ability to make decisions.  Social connectedness is essential to good mental health, which is one reason why we likely felt more stress during the past year because of social isolation.

Daniel talks about how his life transitioned from being a clinical psychologist who wanted to help people with eating disorders to being the chief behavioral officer for a financial company.  A path that was heavily influenced by his father, who is a financial advisor.

Please enjoy my conversation with Daniel Crosby.

For show notes and resources discussed in this episode, visit tammacapital.com/25.

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What if you were about to make a massive investment but were unsure what you would have to pay for the investment?  Add on the fact; this investment would be one of the most emotional decisions that you would make not only in your life but the life of your child.

This is the situation that most parents find themselves in when determining what they will pay for their kids to attend college.  Mark Salisbury, who spent much of his career working in higher education, wanted to change this by helping parents and students be better informed when deciding what college to attend and how much it would cost them.

Mark created a company called TuitionFit.  Think of it as the Kelly Blue Book of college pricing.  It is a free process where parents can upload their kids' college award letters and compare apples to apples what other kids have received from various colleges and universities.

I believe in Mark's company so much that I have decided to partner with him to create a better college planning experience for families.  The first ten families who contact me, Mark and I, will personally walk you through the TuitionFit process at no cost to you. 

Please enjoy my conversation with Mark Salisbury.

For show notes and resources discussed in this episode, visit tammacapital.com/24.

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You often hear the phrase, "when life hands you lemons, you make lemonade." We don't need to be in a global pandemic for this phrase to ring true.  Imagine a doctor staring you in the eyes and says, "congratulations, you are having triplets."

As much as we try to plan for our futures, I often tell my Family Office clients that financial and lifestyle goals will take a back seat to unexpected priorities.  You cannot prepare for everything, and that is okay.  Being told that I was having triplets in 2010 was just one of many unexpected surprises that I have had to start my Family Office firm TAMMA Capital.

In this episode, I answer questions that many listeners have asked, such as what is my background, why did I start TAMMA, what life transitions have I gone through, and what does Family Office really mean?

Every person and family has a story.  What is your story?  How can TAMMA help to create the change that you want in your family's life?

For show notes and resources discussed in this episode, visit tammacapital.com/23.

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What if you found yourself 20 years ahead of a curve that no one saw coming?  Could you imagine what working remotely full-time was 20 years ago?

This is precisely where Kim Shepherd was at the turn of 2000.  A common theme with this podcast is discussing both the challenges and opportunities that life transitions can bring.  Kim found herself in the middle of a life and career transition from being in broadcast journalism to business owner of a virtual recruiting business.

Kim and I dive deep into the three essential elements that make working remote possible; effective communication that is disciplined, clearly identified key performance indicators are, and trust that you will get the job done.

Please enjoy my conversation with Kim Shepherd.

For show notes and resources discussed in this episode, visit tammacapital.com/22.

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"Have you filled a bucket today" is a book that I read to my kids growing up about being kind and giving back to others?  When it comes to your professional and personal networks and relationships, how much are you giving back?  How full is your bucket?

Brenda Meller is a person who believes strongly in helping to fill people's buckets.  A lover of pie, Brenda's social media pie, which is also the title of her new book, represents how she shares her knowledge and helps others build their networks and relationships.

Brenda, a wife, mother of two, and entrepreneur at heart, realized that she was leaving learning opportunities on the table, which propelled her to write her book.  Like many former podcast guest, Brenda's story involved many life transitions, which we know, can be an extremely emotional journey.  How we decide to meet these challenges or opportunities is primarily determined by our mindsets.  Brenda’s mindset of giving back is a motivating one for me and I hope you as well.

Please enjoy my conversation with Brenda Meller.

For show notes and resources discussed in this episode, visit tammacapital.com/21.

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80% of jobs come from networking.  And 80% of those jobs come from a third level connection.  A friend of a friend of a friend.  Then why is it that 95% of people are not good at networking?

Someone who knows a great deal about the human side of networking is Rich Spriggle, a net-giver focused on meaningful work, helping people who are "between successes."

Rich is a Senior Vice President at Challenger, Gray & Christmas, where he supports individuals going through a career transition.  One of the most traumatic life experiences that you can go through. 

Rich talks about his firsthand experience in going through a career transition himself that helped lead him to do something more meaningful with his career.  Rich provides actionable strategies to network more effectively now, during, and after a career transition.

Please enjoy my conversation with Rich Spriggle.

For show notes and resources discussed in this episode, visit tammacapital.com/20.

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Research shows that parents are the most influential factors in their kids' money life development.  What you model to your kids growing up lays the foundation for how they think and treat money into adulthood.  So how do you model good financial decision making for your kids?  How do you even begin to talk with your kids about money?

Rebecca Maxcy is director of the UChicago Financial Education Initiative at the University of Chicago and leads a team of researchers who help parents talk with their kids about money.  Rebecca and her team have created a unique approach that focuses on the person, behaviors, and values of money vs. dollars and cents.

Rebecca's research has found that across the nation, financial education varies by state and school district.  This means most parents have to take the lead when it comes to their kids' financial education.

Financial education, similar to financial planning, never ends.  It evolves continuously, and as parents, we can have a significant influence in setting our kids up for financial success by being open and having money conversations.

Please enjoy my conversation with Rebecca Maxcy.

For show notes and resources discussed in this episode, visit tammacapital.com/19.

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How does a husband, father of two girls, and entrepreneur whose business pre-COVID required him to be on over 150 planes a year crisscrossing the country be the light that his family needs him to be?

Knowing who you are and what you want as a person, spouse/partner, and parent are the critical elements that help people keep stress and financial strife out of their relationships.  An essential component that allows Dennis Mosley Williams to do this is quite simple, every 60 days, have something fun to look forward to.

Dennis talks with great passion about building and living for the memories and experiences of life, not status or material possessions that people think may make them happy.

Please enjoy my conversation with Dennis Mosley Williams.

For show notes and resources discussed in this episode, visit tammacapital.com/18.

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No matter if you are in a job transition, looking for a new career, trying to grow your business, or simply wanting to expand your knowledge, networking is a skill that should be in your toolset.  But how do you network in the age of CVOID when most everything is virtual?

Terry Bean, a foremost expert in networking, especially within LinkedIn, discusses how to utilize social networks best to help you give and get the support you need and want.

The first step of networking successfully is to be intentional about what you are trying to accomplish.  Determine what specific solution you are trying to solve, who you know that can help you solve it, and how you reach that person or group. 

Please enjoy my conversation with Terry Bean.

For show notes and resources discussed in this episode, visit tammacapital.com/17.

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Am I going to be okay?  The question—not explicitly about money is posed by everyone from the ultra-wealthy to the just-getting-by, from the retiree to the just-getting-started.  No matter the lifestyle, accent, politics, or favorite sports team, everyone I meet wants to take care of their families, remain or get healthy, be generous to others, enjoy their hobbies, and excel at work.

These words set the stage for Brian Portnoy's book, The Geometry of Wealth: How to Shape a Life of Money and Meaning.  These remarks also set the foundation for an in-depth conversation with Brian, which also included key thoughts and takeaways from his latest book, How I Invest My Money.

Brian and I also discuss experienced happiness, which comes and goes, vs. reflective happiness, which requires work.  I strongly encourage you to give Brian's book a read and be sure to check out the other resources we discussed during our talk.

Please enjoy my conversation with Brian Portnoy.

For show notes and resources discussed in this episode, visit tammacapital.com/16.

For more episodes, go to tammacapital.com/podcast.

Follow Paul on Facebook and LinkedIn.

And feel free to email Paul at [email protected] with any feedback, questions, or ideas for future guests and topics.