The Behavioral Wealth Podcast

Bracket Biases - with Kenny Gatliff by Dr. Dan Pallesen

Dr. Dan reflects on the war in Ukraine and the impact of past geopolitical events on the market.

Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.

Dr. Dan sits down with his colleague, Chad Fletcher to discuss his background in finance. Chad was initially an insurance salesman who eventually became a financial planner and he discusses some of the differences between those roles. Finally, Chad and Dr. Dan nerd out on the game of golf and the parallels that can be drawn to finance.

Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.

As with any year, 2022 will have its unexpected events that will impact your investments. But there are also a few things that we can expect. Dr. Dan discusses both the unexpected and expected as we head into 2022.

Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.

Dr. Dan kicks off the new year discussing New Year's Resolutions and how to best maintain them. He offers 3 simple strategies to follow in order to make sure those resolutions stick:

"SWOT" Analysis

- S: Strengths

- W: Weaknesses

- O: Opportunities

- T: Threats

"WOOP" Method (www.woopmylife.org)

- W: Wish

- O: Outcome

- O: Opportunity

- P: Plan

"SMART" Goals

- S: Specific

- M: Measurable

- A: Attainable

- R: Relevant

- T: Time-Oriented

Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.

In the final episode of the year, Dr. Dan hands out the Money Script Awards. A runner-up and winner for each of the four Money Scripts are identified.

Money Scripts Review:

- Money Avoidance

- Money Vigilance

- Money Worship

- Money Status

For more information on Money Scripts: https://s3.amazonaws.com/kajabi-storefronts-production/sites/88071/themes/1463604/downloads/fkKzwXp4TnikniUdVLl8_How_clients_money_scripts_predict_their_financial_behaviors-_Journal_of_Financial_Planning-_2012.pdf

Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.

Dr. Dan dives into the exciting world of insurance and risk management. Did you know there are different types of risk? Not all risk needs to be insured. Join Dr. Dan to learn how to begin identifying and managing the risk in your life.

Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.

Dr. Dan gets into the psychology of color, specifically red and green and shares a story of an individual who lost out because he saw red.

Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.

Dr. Dan vents some of his concerns with tapping into your retirement account to pay off debt and offers some practical steps to pay off debt while preserving the retirement account. He also talks about the place a well-established Emergency Fund fits within your broader portfolio.

Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.

The Roth conversion can be a great mechanism to maximize value in your retirement portfolio. Dr. Dan discusses 5 common misconceptions or Myths that he encounters around Roth conversions.

Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.