Behavioral Money Tendencies that Wreck Us #179
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 25 March 2020
⏱️ 51 minutes
🧾️ Download transcript
Summary
It doesn’t matter if the market is flying high, or if it’s dropping faster than we’ve seen in history, each one of us is capable of making the occasional dumb decision, and it’s simply because we’re human! There are certain tendencies ingrained in us that can cause us to approach the world and our personal finances in an irrational way. Some of the hardest money mistakes to correct are ones that we make habitually because we don’t recognize the patterns that may have led us there. In order to break those bad money habits, sometimes it means taking a step back and figuring out what those behavioral tendencies are! The better we are at identifying these behavioral tendencies, the more likely we are to be able to make better decisions that will have a positive impact on how we view and handle our money.
During this episode we enjoyed an IDKFA by Ellipsis Brewing - thanks to Joel for picking this one up while he was down in Orlando. And as we ramp up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times!
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Transcript
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| 1:04.2 | podcasts. Our 20s are often seen as this golden decade. Our time to be carefree, make mistakes, |
| 1:10.1 | and figure out our lives. But what can psychology teach us about this time? I'm Jermis Begg, |
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| 1:36.0 | Radio App, Apple Podcasts, or wherever you get your podcasts. Welcome to How To Money. I'm Joel, |
| 1:44.0 | and I am Matt, and today we're discussing behavioral money tendencies that wreck us. |
| 2:08.3 | The agile this episode we are going to discuss these different behavioral tendencies that we tend |
| 2:13.2 | to have for no other reason than because we're human. These are tendencies that we have regardless |
| 2:19.0 | of what the market is doing, whether it's a bull market, or if it's the fastest sinking bear |
... |
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