Retire In Texas

How Behavioral Finance Shapes Your Financial Success (and Failure)


Listen Later

In this week's episode of Retire in Texas, Darryl Lyons, CEO and Co-Founder of PAX Financial Group, opens up about the powerful world of behavioral finance by sharing his own personal investment mistakes. Darryl discusses four key missteps he made throughout his financial journey, ranging from herd mentality to overconfidence, and how each error offers valuable lessons for investors. 

Through these stories, Darryl emphasizes the importance of self-awareness and learning from mistakes, rather than being hindered by them. Whether you're a seasoned investor or just starting out, Darryl's insights provide a valuable roadmap for avoiding common behavioral traps. 

Key show highlights include: 

  • The concept of behavioral finance and its impact on investment decisions. 

  • Personal stories of financial missteps, from herd mentality to overconfidence. 

  • How mistakes in investment decisions can turn into invaluable learning experiences. 

  • Cognitive biases to watch out for in your own financial journey. 

  • Practical advice on how to avoid common pitfalls and make smarter, long-term investment decisions. 

Tune in to learn how to recognize and correct these biases in your financial life, and gain insights into how these lessons can help you achieve a more secure financial future. For more resources, visit www.paxfinancialgroup.com. If you enjoyed today's episode, share it with a friend! 

Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. "Like" is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm. 

...more
View all episodesView all episodes
Download on the App Store

Retire In TexasBy Darryl Lyons

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

33 ratings


More shows like Retire In Texas

View all
The Ramsey Show by Ramsey Network

The Ramsey Show

38,997 Listeners

The Way I Heard It with Mike Rowe by The Way I Heard It with Mike Rowe

The Way I Heard It with Mike Rowe

41,180 Listeners

The EntreLeadership Podcast by Ramsey Network

The EntreLeadership Podcast

4,388 Listeners

Focus on the Family with Jim Daly by Focus on the Family

Focus on the Family with Jim Daly

4,843 Listeners

Ramsey Everyday Millionaires by Ramsey Network

Ramsey Everyday Millionaires

3,679 Listeners

The Clark Howard Podcast by Clark Howard

The Clark Howard Podcast

5,465 Listeners

The World and Everything In It by WORLD Radio

The World and Everything In It

7,087 Listeners

Animal Spirits Podcast by The Compound

Animal Spirits Podcast

2,015 Listeners

The Charlie Kirk Show by Charlie Kirk

The Charlie Kirk Show

71,041 Listeners

Verdict with Ted Cruz by Premiere Networks

Verdict with Ted Cruz

44,103 Listeners

Culture Apothecary with Alex Clark by Turning Point USA

Culture Apothecary with Alex Clark

13,953 Listeners

The Victor Davis Hanson Show by Victor Davis Hanson and Jack Fowler

The Victor Davis Hanson Show

8,976 Listeners

Morning Wire by The Daily Wire

Morning Wire

26,661 Listeners

Money For Couples with Ramit Sethi by Ramit Sethi

Money For Couples with Ramit Sethi

3,396 Listeners

The Pour Over by The Pour Over

The Pour Over

4,165 Listeners