#664: Have any of these thoughts ever crossed your mind?
If I had more willpower, I’d achieve my financial goals.
I’m doomed to fail with money.
Budgets suck. They only show me what I did wrong and make me feel horrible.
If so, you’re not alone.
It’s not that you lack willpower.
It’s not that you’re doomed to fail with money.
It’s not that you’re a horrible person for blowing your budget.
It’s that you’re human.
And humans make emotional decisions all the time. Decisions that often defy logic.
But making emotional decisions doesn’t have to be a financial death
sentence. Money management is a skill, which means we can improve.
When we understand the “why” behind our decisions, coupled with the
marketing tactics that retailers use, we can guard ourselves against
cognitive biases and sales strategies.
That’s what today’s guest is here to discuss.
Jeff Kreisler, co-author of Dollars and Sense and Editor-in-Chief of PeopleScience.com, joins us to talk about common money mistakes people make and how to avoid them.
Jeff attended Princeton University and practiced as a lawyer before
he became an author and a speaker. He co-authored Dollars and Sense with
Dr. Dan Ariely, a bestselling book that explores behavioral economics
and asks why we make faulty financial decisions.
In this interview, Jeff names five common money mistakes and offers four solutions.
For more information, visit the show notes at https://affordanything.com/episode664
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