Your Money Guide on the Side

Your Brain Is Stealing $245,000 From Your Retirement (Here's How to Stop It)


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Here are a few helpful resources from the people who support this show and keep it free for you. Always. 

If you’ve ever wondered whether you’re doing “fine” with your money or just hoping future-you figures it out, Facet sets you up with a team of expert CFP® professionals who look at your entire financial life — not just your investments, and not just the parts that are fun to talk about at dinner parties. No commissions. No product pushing. Just real advice for one flat annual membership fee. 

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Most people don’t lose money because they pick terrible investments. They lose money because they’re human.

In Part 1 of this two-part series on behavioral economics, Tyler walks through the five most common psychological biases that quietly, systematically sabotage investment returns — even when you’re invested in low-cost index funds and “doing everything right.”

This episode is about the stuff that happens between your ears. The mental shortcuts. The overreactions. The stories we tell ourselves after the fact.

In this episode, we cover:

  • Why overconfidence makes investors trade more and earn less

  • How recency bias convinces us that whatever just happened will keep happening

  • Why we overvalue the investments we already own (even when we shouldn’t)

  • How loss aversion turns normal market volatility into bad decisions

  • Why hindsight bias makes the past feel obvious and the future feel predictable (it isn’t)

    This isn’t about being smarter than the market. It’s about building systems that protect you from your own instincts — automation, diversification, fewer decisions, and a little less checking.

    If the show has helped you think differently about money — maybe even made you laugh while doing it — please take 30 seconds to leave a review on Apple or Spotify. It helps more than you think and keeps this whole experiment in free, digestible financial literacy alive and well.

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    Your Money Guide on the SideBy Tyler Gardner

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