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Ep 119 | What Happens When You Let Your Income Exceed Your Mindset?
“Just try telling someone in University that it may not be worth it.” [John Morgan III]
~
In this week's episode, The Weekly Call boys explore why people are more willing to accept information with more history (old) over modern information (new) to maintain their previously conceived notions of reality. This is an easily applicable concept to investing in a home or university degree.
“This is why I loved studying philosophy, first things you get taught are fallacies and finding them and I just found 20 major cognitive biases that we fall under that don’t allow us to make effective decisions. The bandwagon effect is a common one fact which is the probability of one person adopting a belief increasing based on the number of people who hold that belief.” [Amer]
We’ve very much upheld the idea that homeownership is the path to wealth and getting a university degree is part of that process, even though we have evidence that there are many other ways to becoming educated and successful.
“I think we can all agree that $1M is too much to pay to go to university… which means that that there is A PRICE where university does not provide enough value for the cost.” [John Morgan III]
Listeners, when was the last time you were peer pressured to do something, you didn’t really want to do? Do you think you fell under the bandwagon cognitive biases? Slide in our DMs to tell us about your story!
As always, you can find the links to our Spotify and Apple Podcast profiles in our bio as well as our new YouTube clips channel!
#SmallBrain #BigTricks #SubjectiveReality #FittingIn
#Business #Mindset #Philosophy #StudentWorks #TheWeeklyCallPodcast
--- Send in a voice message: https://podcasters.spotify.com/pod/show/theweeklycall/messageHosted on Acast. See acast.com/privacy for more information.
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By Amer Abu Shakra, Austin Trudeau, & John Morgan III“Just try telling someone in University that it may not be worth it.” [John Morgan III]
~
In this week's episode, The Weekly Call boys explore why people are more willing to accept information with more history (old) over modern information (new) to maintain their previously conceived notions of reality. This is an easily applicable concept to investing in a home or university degree.
“This is why I loved studying philosophy, first things you get taught are fallacies and finding them and I just found 20 major cognitive biases that we fall under that don’t allow us to make effective decisions. The bandwagon effect is a common one fact which is the probability of one person adopting a belief increasing based on the number of people who hold that belief.” [Amer]
We’ve very much upheld the idea that homeownership is the path to wealth and getting a university degree is part of that process, even though we have evidence that there are many other ways to becoming educated and successful.
“I think we can all agree that $1M is too much to pay to go to university… which means that that there is A PRICE where university does not provide enough value for the cost.” [John Morgan III]
Listeners, when was the last time you were peer pressured to do something, you didn’t really want to do? Do you think you fell under the bandwagon cognitive biases? Slide in our DMs to tell us about your story!
As always, you can find the links to our Spotify and Apple Podcast profiles in our bio as well as our new YouTube clips channel!
#SmallBrain #BigTricks #SubjectiveReality #FittingIn
#Business #Mindset #Philosophy #StudentWorks #TheWeeklyCallPodcast
--- Send in a voice message: https://podcasters.spotify.com/pod/show/theweeklycall/messageHosted on Acast. See acast.com/privacy for more information.