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Afford Anything | Make Smart Money Choices

How to Avoid Financial and Life Disasters, with Dr. Gleb Tsipursky

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 2 October 2020

⏱️ 63 minutes

🧾️ Download transcript

Summary

#279: You might know several decision-making principles, but do you have a step-by-step strategy that pieces those principles together? Dr. Gleb Tsipursky is an internationally-recognized thought leader on decision-making strategies. He shares two decision-making techniques for any aspect of your life in this episode. For more information, visit the show notes at https://affordanything.com/episode279 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:10.9

Every choice that you make is a trade-off against something else and that doesn't just

0:13.7

apply to your money.

0:14.7

That applies to any limited resource that you need to manage, including your time, your

0:19.1

energy, your attention, your focus, anything that you have to manage.

0:25.7

There's a scarce resource and you need to decide where you're going to direct it because

0:30.2

putting too much time, energy, attention into one thing means that that's got to come

0:33.9

from somewhere that's going to come at the expense of something else.

0:36.8

So what matters most to you and how do you make decisions that reflect that?

0:41.6

Answering these two questions is a lifetime practice and that is what this podcast is here

0:44.9

to explore.

0:45.9

My name is Paula Pant.

0:46.9

I'm the host of the Affordable Care Foundation.

0:47.9

I'm the host of the Affordable Care Foundation and today, Dr. Glebssepursky joins us to

0:52.4

discuss how to make better decisions, how to avoid disasters, the importance of probabilistic

0:59.2

thinking, and the case for not going with your gut.

1:03.9

Dr. Sepursky was a professor at Ohio State University and prior to that, a fellow at the

1:08.7

University of North Carolina Chapel Hill.

1:11.2

His expertise is the psychology of decision-making.

1:14.5

He is a behavioral economist and a cognitive neuroscientist and he has spent decades

1:19.6

studying the dangerous judgment errors known as cognitive biases that destroy bottom

1:25.9

lines that bring down careers and that result in people and institutions underperforming

...

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