Not Your Average Financial Podcast™

Episode 226: [Toolbox] Three Biases That Sabotage Your Finances and One Weird Habit to Find Real Wealth in 2022

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In this episode, we ask:

  • What’s your attitude about money?
  • Who is generous?
  • Who is risky?
  • Who is trading?
  • Who is hoarding?
  • What is your bias?
  • What did Morning Star’s bias study say?
  • What is present bias?
  • What is base rate neglect?
  • What about loss aversion?
  • What about confirmation bias?
  • Would you like to hear Episode 108?
  • Would you like to hear Episode 13?
  • What about overconfidence bias?
  • What about the Lake Woe-be-gone effect from Prairie Home Companion?
  • Who is actually above average in their ability?
  • What about statistical impossibilities?
  • What about mutual funds?
  • What did Ray Dalio say about overconfidence and being wrong?
  • What about humility?
  • What about setting expectations?
  • Do you have an outsider’s perspective?
  • What about anchoring bias?
  • What about rigorous critical thinking?
  • How can you tell if something is overpriced or not?
  • What about the bandwagon effect?
  • How do these effects show up in IPO releases?
  • What should investment decisions be based upon?
  • Who is a part of the herd?
  • What about the financial power of gratitude?
  • What about decision making while afraid?
  • Does emotion impact our financial life?
  • What does uncertainty lead to?
  • What does gratitude lead to?
  • What are you grateful for?
  • What about volatility?
  • What about compassion?
  • What about family conversations?
  • What about a reciprocity ring?
  • What about meditation?
  • What about a daily gratitude journal?
  • What about a meditation practice?
  • What about putting fears in check?
  • Wishing you all the best in 2022!

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