4 Things That Can Derail Your Financial Decisions

Emotions are important part of being human, but leave them out of your financial decisions! Behavioral finance expert, and The New York Times best-selling author Dr. Daniel Crosby explains four issues that can derail your financial decisions. Instead of making decisions based on feelings and instinct, learn how to implement a more reliable system. Should you turn your behavior on its head and integrate the good, bad and ugly of emotional bias in your decision making? Do investors fail because the market is bad or because of their own errors? Consider benchmarking your financial successes, not to the market, but to the things in life that are meaningful to you. Learn how to develop a system that works for you and use it to automate your investment choices. Are you a value or growth investor? Doug compares value stocks to growth stocks. After explaining how each type of stock works, Doug suggests that a well-rounded portfolio include both value and growth investments. Listen to learn why, and to find out if you are a value or a growth investor. To learn more about these stock differences check out www.profile-finanical.com/stocks. Dr. Daniel Crosby’s book The Laws of Wealth: Psychology and the Secret to Investing Success is available through Amazon. You also follow him on social media @danielcrosby. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.