What are the best ways to save money and manage your investments successfully? Behavioral finance categorizes investors into five different categories. Where are you, and where should you be? Learn why timing the market does not necessarily make you a better investor. In order to save money, you need to make effective financial choices. Professor Terrance Odean of the University of California at Berkeley returns to The Goldstein on Gelt Show to talk about how to make smart financial decisions. He talks about:

• why living on credit is not a good idea,
• how to make the right choices when purchasing life insurance,
• if money can actually make you happy.

Follow Professor Odean and his work at: http://faculty.haas.berkeley.edu/odean/ and on Twitter at:@terranceodean