Your Brain on Money

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 3 June 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here's what in this episode: 1:02 Understanding the Psychology of Money 2:32 Rethinking Financial Advisor Terminology 3:27 Rise of Financial Therapy Certification 4:17 Impact of Money on Mental Health 7:17 Overcoming Financial Anxiety 10:58 Addressing Financial Concerns & Ideas 14:09 Tips for Managing Investment Emotions 19:27 The Purpose of Life Insurance 20:59 Adjusting Investment Allocation in 401k Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Exclusively on Disney Plus.
0:02.0	It's hard and it's brutal and that's what makes it special.
0:06.0	The multi-award winning series, FX's The Bear, is back for a brand new season.
0:11.0	Upon my signal, unleash hell.
0:15.0	And every second counts.
0:17.0	When that shows zero, this restaurant ceases operations.
0:21.8	FX is the bear.
0:23.1	New season now streaming exclusively on Disney Plus.
0:27.1	18 plus subscription required season C's apply.
0:34.9	Reality radio for a really great future.
0:38.0	We're talking real money.
0:40.3	One of the biggest problems with the financial services industry is its focus on sales, on making the sale.
0:50.1	And if you've listened to talking real money for any time at all, you know that we believe the sale is the last thing that should be done.
1:01.3	The product is the end of the process, not the beginning.
1:05.8	Not what is the best thing to invest in.
1:08.6	But, well, we're going to talk a little bit more. We're going to talk a little bit
1:11.8	today about the psychology. The way your mind works when it comes to money. I'm Don McDonnele. Tom
1:17.7	Cox over there. This is, of course, the Talking Real Money podcast where we talk about real money,
1:24.0	along with other things. But, you know, we can really stretch because almost everything
1:27.8	involves money. But today, it's about the psychology of money. This is a topic that comes up
1:33.9	from time to time, but it's about the advice that we get related to how we invest and what that
1:42.4	advice should really consist of, Tom.
	...

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