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Why Do People Do Dumb Things? Part 2 | MHFI 156
Doug and Dusti are back for Part 2 on cognitive biases and how they shape our financial decisions.
Do you love Mile High FI? Support us over at Buy Me A Coffee. Do you really love Mile High FI? Buy Us Two Coffees! and we’ll quit! You win either way!
Links
--
Join the Mile High FI Club – It’s our email list!
Get MHFi Merch – It helps support the show. Get t-shorts & more
**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl's Blog about Early Retirement
Email us here: [email protected] or [email protected]
0:00 Intro
2:50 Having a scarcity mindset
8:14 The ''what the hell'' effect
13: 35 Social proof and the desire to be like other people
19:08 The cost of friction and decision paralysis
25:34 Default bias
37:20 Why we hold on to bad investments
45: 18 Getting more motivated at the finish line
55:12 Our favorite desserts
View all episodes
By Carl Jensen & Doug Cunnington
4.4
169169 ratings
Doug and Dusti are back for Part 2 on cognitive biases and how they shape our financial decisions.
Do you love Mile High FI? Support us over at Buy Me A Coffee. Do you really love Mile High FI? Buy Us Two Coffees! and we’ll quit! You win either way!
Links
--
Join the Mile High FI Club – It’s our email list!
Get MHFi Merch – It helps support the show. Get t-shorts & more
**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl's Blog about Early Retirement
Email us here: [email protected] or [email protected]
0:00 Intro
2:50 Having a scarcity mindset
8:14 The ''what the hell'' effect
13: 35 Social proof and the desire to be like other people
19:08 The cost of friction and decision paralysis
25:34 Default bias
37:20 Why we hold on to bad investments
45: 18 Getting more motivated at the finish line
55:12 Our favorite desserts
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