453: Dr. Daniel Crosby, Author of "The Laws of Wealth"
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 2K Ratings
🗓️ 8 August 2016
⏱️ 31 minutes
🧾️ Download transcript
Summary
Dr. Daniel Crosby is a psychologist and behavioral finance expert. He's the author of a new book that came out earlier this summer, The Laws of Wealth: Psychology and the Secret to Investing Success. In the book he gives readers real and actionable guidance for investors like 'Forecasting is for Weathermen' and 'If You're Excited, It's Probably a Bad Idea'. Daniel also co-authored a New York Times bestseller, Personal Benchmark: Integrating Behavioral Finance and Investment Management. In our conversation we discuss how, as humans, we can begin to think more rationally when it comes investing. After all, it's not like we're born knowing how. And earning versus saving ... as humans, which are we more capable of doing? You might be surprised. For more information visit www.somoneypodcast.com.
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Transcript
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| 0:00.0 | So Money episode 453, Dr. Daniel Crosby. |
| 0:05.4 | You're listening to So Money, |
| 0:06.8 | with award-winning money guru Farnoosh Karabi. |
| 0:09.4 | Each day get a 30 minute dose of financial inspiration from the world's top business minds, |
| 0:15.0 | authors, influencers, and from Farnus herself. |
| 0:19.3 | Looking for ways to save on gas or double your double coupons? |
| 0:23.0 | Sorry, you're in the wrong place. |
| 0:25.0 | Seeking profound ways to live a richer, happier life. |
| 0:28.5 | Welcome to So Money. Welcome to So Money, everyone. I'm your host, |
| 0:35.0 | Farnoosh Tarabi. Thank you for joining me. We're covering a subject matter that's very exciting to me. |
| 0:41.0 | I wrote a book called Psych Yourself Rich back in 2010 and it was really |
| 0:44.5 | about behavioral finance and how as humans were not exactly quote-unquote |
| 0:49.6 | rational when it comes to things like investing and saving and being smart with our money and so I wanted to explore why and since then I've been really |
| 0:58.0 | Interested in new studies and new ideas around this and our guest today is a psychologist and behavioral finance expert who's got some new |
| 1:06.4 | answers and some new research for us. His name is Dr. Daniel Crosby. He's the author of a new |
| 1:11.4 | book came out earlier this summer called The Laws of Wealth, Psychology and |
| 1:16.2 | The Secret to Investing Success. |
| 1:19.2 | It's a fun book, if I dare say. |
| 1:21.1 | You know, sometimes books at this high level written by PhDs can be, well, let's be honest, a snooze fast. |
| 1:27.4 | But this book does a really excellent job of making it accessible to readers, giving service and great takeaways for us to really |
| 1:36.2 | learn how to be better at managing our own money and investing. |
| 1:39.6 | He gives readers real and actionable guidance for investors like forecasting is for |
... |
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