In this podcast, it is our goal to help you recognise the biases that can subtly – and sometimes not so subtly – pull or push your thinking into making decisions about your finances that aren’t entirely rational. When you’re able to recognise these pushes and pulls, you’ll be able to make smarter choices about your money, and hopefully end up saving and earning more.
In this podcast, it is our goal to help you recognise the biases that can subtly – and sometimes not so subtly – pull or push your thinking into making decisions about your finances that aren’t entirely rational. When you’re able to recognise these pushes and pulls, you’ll be able to make smarter choices about your money, and hopefully end up saving and earning more.
Financial trouble is like gaining weight. It doesn’t happen overnight. It’s the slow additional like, let’s say, less favourable decisions. It’s that eating that additional financial cookie.
Financial trouble is like gaining weight. It doesn’t happen overnight. It’s the slow additional like, let’s say, less favourable decisions. It’s that eating that additional financial cookie.
Anchors – it’s such a good word, isn’t it? Because it ties us down to the ground in some way.
Anchors – it’s such a good word, isn’t it? Because it ties us down to the ground in some way.
Anyone could essentially help you to reframe a conversation because it’s ultimately about decisions. Am I going to do something? Or am I going to to do nothing? Which is also an active decision.
Anyone could essentially help you to reframe a conversation because it’s ultimately about decisions. Am I going to do something? Or am I going to to do nothing? Which is also an active decision.
I think there’s a lot of danger in only valuing the opinions of people who have a similar mindset or maybe even a similar background to you.
I think there’s a lot of danger in only valuing the opinions of people who have a similar mindset or maybe even a similar background to you.
Because your memory is by its nature going to throw away bad outcomes and remember the good outcomes. And so you can’t really rely and trust your memory to give you a good indication of how well you’ve done.
Because your memory is by its nature going to throw away bad outcomes and remember the good outcomes. And so you can’t really rely and trust your memory to give you a good indication of how well you’ve done.
Your brain accounts for 2 to 3% of your body weight, but it accounts for about 25% of your metabolic expenditure in a given day.
Your brain accounts for 2 to 3% of your body weight, but it accounts for about 25% of your metabolic expenditure in a given day.
I think it’s important to find a balance between living life now and providing for the later self.
I think it’s important to find a balance between living life now and providing for the later self.
It [debt counselling] gives them a bit of breathing room at the end of the day to just sit and go, okay, the debt is on this side, my expenses are on that side, I can manage.
It [debt counselling] gives them a bit of breathing room at the end of the day to just sit and go, okay, the debt is on this side, my expenses are on that side, I can manage.
There’s definitely a mismatch in people understanding what to do financially in their planning in their retirement funds to beat inflation and the importance of actually trying to beat inflation.
There’s definitely a mismatch in people understanding what to do financially in their planning in their retirement funds to beat inflation and the importance of actually trying to beat inflation.
Behavioural Finance plays such a large role in all of our financial decisions. If it is investing, if it is trading, you know, even choosing your favourite ETF.
Behavioural Finance plays such a large role in all of our financial decisions. If it is investing, if it is trading, you know, even choosing your favourite ETF.
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“Essentially, all models are wrong, but some are useful.” – George E.P. Box
