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Afford Anything | Make Smart Money Choices

How to Stop Making So Many Money Mistakes, with Jeff Kreisler

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 27 January 2020

⏱️ 67 minutes

🧾️ Download transcript

Summary

#238: “If I had more willpower, I’d achieve my financial goals.” “I’m doomed to fail with money.” “I’m horrible for not keeping to a budget.” These are common thoughts, but they’re erroneous. You can’t willpower your way through money management, you’re not doomed to fail, and you’re not horrible for blowing your budget. You’re human, and humans make emotional decisions. Those emotional decisions don’t have to mean a financial death sentence, though. Jeff Kreisler, co-author of Dollars and Sense and Editor-in-Chief of PeopleScience.com, tells us how we can avoid common money mistakes and rewrite our financial future. For more information, visit the show notes at https://affordanything.com/238 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything just not everything.

0:10.6

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

0:13.6

apply to your money.

0:14.6

That applies to your time, your focus, your energy, your attention, anything in your life

0:18.4

that's a scarce or limited resource.

0:20.3

And that leads to two questions.

0:21.9

Number one, what matters most to you?

0:24.1

And number two, how do you align your day-to-day decisions in a way that reflects that?

0:29.0

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

0:32.5

to explore.

0:33.5

My name is Paula Pant.

0:34.5

I'm the host of the Afford Anything Podcast and today, Jeff Chrysler joins us to talk about

0:39.5

how to stop making so many money mistakes.

0:44.6

Jeff is the editor-in-chief of PeopleScience.com, a website that explores the ways in which

0:48.6

we trip ourselves up when it comes to how we handle money.

0:52.7

He's also the co-author of the book Dollars and Sense, along with Dan Airelli.

0:57.0

With his website and his book, Explore How and Why, we often get in our own way, we

1:01.3

often are our own worst enemies, when it comes to how we miss think money and spend

1:06.9

in ways that often don't make sense.

1:10.0

Jeff attended Princeton and used to be a lawyer before switching gears to become an author

1:14.0

and speaker.

1:15.0

We're going to spend the first half of today's conversation talking about the ways in which

...

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