771: 4 Examples of Herd Mentality (And What To Do About It) - Part 1 by Tony Tran with I Will Teach You to be Rich

Optimal Living Daily - Personal Development and Self-Improvement

Optimal Living Daily LLC

Mental Health, Health & Fitness, Education, Self-improvement

4.6 • 3.2K Ratings

🗓️ 20 January 2018

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tony Tran with I Will Teach You to be Rich shares 4 examples of herd mentality and what to do about it. This is Part 1 of 2. Episode 771: 4 Examples of Herd Mentality (And What To Do About It) - Part 1 by Tony Tran with I Will Teach You to be Rich (Conformity). Ramit wants to use money to say YES. He knew there was a better way to live a rich life—if we could use psychology to focus on what actually works. Not just for personal finance, but all aspects of life: money, careers, relationships, business, fitness, and more. Since then, he's been testing and sharing his findings with the world via I Will Teach You To Be Rich. He's also written a New York Times bestselling book, been profiled in a 6-page Fortune article, and been pictured next to Warren Buffett in Forbes Magazine, as well as been featured by a long list of media, including the Wall Street Journal, ABC News, NPR, Fox Business, PBS, CNBC, and more. He also has tons of documented success stories—more than 20,000. The original post is located here: https://www.iwillteachyoutoberich.com/blog/herd-mentality Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Hule. Between work deadlines and just living life, it
0:06.3	can be hard to prioritize healthy eating. What if you could have a meal in 30 seconds?
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0:23.1	forward slash Spotify to find out more.
0:53.1	Start with dry nights.
0:54.6	Search dry nights for a free sample.
0:57.4	This is Optimal Living Daily episode 771 for examples of herd mentality and what to do
1:03.6	about it. Part 1 by Tony Tran with I will teach you to be rich.com and I'm Justin Mollick,
1:09.0	the guy that reads blog posts to you every day including weekends with permission from
1:13.2	the websites. And I'll jump right in as we optimize your life.
1:21.8	For examples of herd mentality and what to do about it, part 1 by Tony Tran of I will
1:26.8	teach you to be rich.com.
1:29.9	You've probably had a parent or a teacher ask you, if your friends jumped off a cliff,
1:33.9	would you do it too? Of course not, that's insane. You're strong and independent free
1:38.2	thinker. Why would you do that? But what if your friends weren't jumping off a cliff?
1:43.2	Instead, what if they're all buying the latest iPhone? Every day you see them playing
1:47.5	with cool apps, taking great pictures and talking about how great the phone is. After
1:52.4	a while it's not so much a question of if you're going to buy an iPhone, but when.
1:57.5	This is herd mentality and you've probably seen it before. Investors rushing to buy a specific
2:02.5	stock because it's supposedly hot. Parents frantically buying tickle me almost for their
2:07.1	kids after they see every other parent doing it. Figit spinners. Dear God, so many fidget
	...

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